Today all over India Hollywood film, Angels and Demons starring Tom Hanks has released. But the release
has been mostly restricted to single screens and no big multiplexes. The reason being the same old revenue
sharing terms issue!
It is learnt that a consensus between Sony Pictures and national multiplex owners had almost reached late
last night but it fizzled out Sony Pictures reportedly wanted a clear commitment from multiplexes with the
first and second week terms being 55 and 50.
Apparently, Sony Pictures was asking for revenue
sharing terms of 55, 50, 45, 40 for the first four weeks. Multiplexes couldn't however agree on this as they felt
the terms are too high from what they had been giving for English films prior to this.
For big
Hollywood films like Harry Potter and Spiderman they had signed terms of 48:52, 38:62, 30:70 and the one
for Angels and Demons was a big jump from that. One can recollect that at least 60 - 65 per cent of English
films' box office collections come from multiplexes.
However it is learnt that, Sony is screening the
movie at independent multiplex chains in Delhi and Pune like Wave Cinemas, Satyam Cinemas and
E-Square.
Saturday, May 30, 2009 10:42 IST