Bollywood loses Rs 3 Billion in two months

The recent stand-off between the multiplex owners and Bollywood producers resulted in a loss of over Rs 3 billion to the industry according to latest estimates available.

The strike which started in February had its genesis in revenue sharing between the two factions. While the producers demanded a flat 50 per cent share of all film revenues irrespective of the stars, budget and box office collection, the exhibitors stressed on sharing profits based on the earnings of a film.

The strike came to an end on Friday morning after the two parties agreed on new format of revenue sharing. According to the final settlement, 50, 42, 35 and 30 per cent for the first, second, third and fourth week respectively for all movies will be shared between the two parties.