Revenue share dispute keeps 'Tashan' off screens
Yash Raj Films, leading multiplex chains involvedNEW DELHI -- One of Bollywood's most anticipated releases of the year, "Tashan" ("Attitude"), did not open Friday on more than 300 screens in prime locations nationwide, because of a breakdown in revenue-sharing terms between Bollywood powerhouse Yash Raj Films and leading multiplex chains.
Directed by Vijay Krishna Acharya with a rumored $9 million budget (360 million rupees), the action musical stars Akshay Kumar, Anil Kapoor and Bollywood's current It couple, actress Kareena Kapoor and actor Saif Ali Khan.
While details were not given by either party, sources said that for the prime territory of Mumbai, YRF was demanding an equal revenue share for opening-week boxoffice, which would then scale down in favor of the multiplexes by the third week. But YRF's demand for a higher share in the first week in other territories is seen to have led to a breakdown in negotiations.
"We have not opened the film today, and neither have the other multiplex chains as we could not arrive at a settlement with YRF. I cannot comment on whether there will be more discussions with them to resolve this issue," Tushar Dingra, COO of Adlabs Films, India's largest multiplex operator, said Friday.
Other chains that did not open the film include PVR Cinemas along with Inox, Fun, Movietime, Fame and Cinemax.