Sooryavanshi team and National Chains agree on splitting the VPF charges equally : Bollywood News – Newz9

November 4, 2021

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While the battle for income share between Sooryavanshi team and National Multiplex Chains continues, leading to a delay prematurely reserving of the movie, Newz9 has solely received to know that the two stakeholders have reached a standard floor for VPF – Virtual Print Fee charges.

“Apart from revenue share, VPF was another sensitive topic in the discussion for Reliance Entertainment and National Multiplex Chains. After multiple rounds of meetings, the two parties have finally decided to equally split the VPF charges meaning – Reliance will pay 50% of the total Virtual Print Fees whereas the remaining 50% will be taken care off by the national chains. Initially, neither of the parties were ready to take responsibility of paying the VPF with Reliance hellbent on asking the concerned parties to completely waive off the charges, and the exhibitors not willing to make it a part of their expenses. A common ground has finally arrived on this front,” an insider knowledgeable Newz9.

However, the main difficulty of income share continues. “It’s a nightmare for all parties right now. Hopefully, this issue too will be sorted by noon, and there lies a high chance of things going in the favor of national chains in this aspect. It’s clear that they won’t give additional share to the producers at this point of time and it’s up to Reliance to decide on their future course of action. They can’t miss out on the national chains, which account for 1500 screens, and hence any further delay will deter the opening prospects. They will eventually bow down to 52.5 percent share,” the insider additional instructed us, including that, when the calls for of VPF appeared cheap, the nationwide chains agreed to fix their methods, nonetheless, they cannot set a flawed instance and entail losses in the coming few months.

“It’s not just Sooryavanshi, but a demand that will be made by all producers going forward. Giving levy to one film would mean, everyone asking for the same offer and the national chains don’t want to fall in this trap. The delay in advance is costing them losses too, however, they don’t want to deter their prospects in the long run and hence, the fight is continuing.”

Keep on studying Newz9 as we’d offer you a dwell account of the phrases that Reliance and National Chains settle on earlier than beginning the advance reserving.

Also Read: Just a day left for Sooryavanshi to release but the issues still remain unsolved; ANGER builds up among exhibitors and moviegoers