350 theatres in Kerala to down shutters from Thursday

Image
IANS Kochi
Last Updated : Jan 10 2017 | 8:23 PM IST

As many as 350 theatres in Kerala will down shutters indefinitely from Thursday following an ongoing tiff between the Kerala Film Exhibitors' Federation and the distributors and producers over sharing of collections.

The Federation announced the development on Tuesday.

As the first step of protest, the theatres under the Federation have for the past almost one month not released any new Malayalam films. Instead, films in other languages were being released. From Thursday, that will also not happen.

"The decision to shut down has been a unanimous one, but we are certainly open to any discussions to settle the issue if the state government calls for it," said Liberty Basheer, president of the Federation, told reporters here.

The dispute happened after the Federation wanted a change in the revenue sharing ratio between them and the distributors. The ratio currently stands at 60:40 of the collections and the exhibitors want it to be 50:50, which has been opposed by the producers.

This has been the model since 2003.

The producers and the distributors are now up in arms, and have said that they will not succumb to the arm-twisting tactics of the Federation. They would now start releasing new Malayalam films that have been held up since last month at other theatres.

"Let them go ahead by releasing new films in such centres. We will wait and see how long they will keep us out," said Basheer.

One reason why the Federation decided to seek a change in the revenue sharing pattern is with the entry of multiplexes, who are being given a 50:50 pattern. So, they are demanding that they too should get it.

Since the impasse began, a few rounds of conciliation talks between the representatives of the producers, Federation and distributors failed to break the deadlock. Now they are watching how the state government will intervene as precious revenue by way of taxes, which the state government receives, is taking a hit.

Ace film director Priyadarshan said they expect Chief Minister Pinarayi Vijayan will be able to resolve the issue.

--IANS

sg/rb/dg

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 10 2017 | 8:10 PM IST

Next Story