MUMBAI: There are signs that the two month long standoff between Hindi film producers and distributors and multiplexes may be called off soon, according to United Producers & Distributors Forum (UPDF) spokesperson Mukesh Bhatt.
Some headway has been made at a meeting that was held in Mumbai between the core committee of UPDF and Reliance BIG Entertainment chairman Amit Khanna.
Speaking exclusively to Businessofcinema.com, Bhatt says, "Things are moving rather positively and in a systematic manner. We will definitely reach a consensus by tomorrow."
When queried as to whether it was only the BIG Cinemas chain of multiplexes that had agreed to sign up with the UPDF, Bhatt informs, "Everyone is making a good headway in this matter now. The issue is not about whether BIG Cinemas or PVR Cinemas has signed. The aim is to have all the multiplexes on board with us and we are all working together to resolve it."
It may be recalled that early last week, talks between the two parties gained momentum. As was reported by Businessofcinema.com, other multiplex chains like PVR Cinemas, Inox Leisure, Cinemax India and Fun Cinemas were not in consensus with the terms that BIG Cinemas had agreed upon.
Sources say that an internal meeting is slated to be held tomorrow between the exhibitors and Khanna, wherein the former will put across their terms.
In the meanwhile, sources also inform that BIG Cinemas is likely to sign the agreement with the UPDF tomorrow.
Stay tuned to this space for more on this…
