Thursday, June 4, 2009

Producer-distributors strike called off

The long strike of multiplexes over clash with producers over the profit sharing ratios is finally called off. The two month long standoff was called off late in the night on Thursday June 4, 2009.

Mukesh Bhatt, president of the Indian Motion Pictures Producers Association (IMPPA) confirmed this news with media.
There was a twelve hour long meeting between the exhibitors and producers at Mumbai's Yashraj studios, and finally arrived at this long awaited decision. Film releases were held back since April 4th because of differences about over profit-sharing between film producers and multiplex owners. So folks, it’s show time again!

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