Akshay Kumar, the leading actor who came out a few weeks ago, has been running a booming business. However, it seems that the creators and incidentally also the distributors of the film Reliance Entertainment have run into problems with Carnival Cinemas. In fact, the creators Sooryavanshi have stopped showing the film in all premises of the carnival since yesterday – Saturday, November 20.
The reason for this sudden decision, apparently, lies in the non-payment of contributions from Carnival on account of the share of the distributor. Under the agreement, directives were issued to all multiplex networks to transfer the share of Reliance Entertainment distributors twice a week, once on Monday for weekend gatherings and another on Friday for weekday gatherings. But according to Reliance, Carnival defaulted on payments in the last four days of the first week. Following this, the network later defaulted on payment of fees for the second weekend and second week, prompting Reliance Entertainment to withdraw the film from Carnival properties.
Interestingly, this isn’t the first time the Carnival network has been indebted to Reliance Entertainment. According to the supply company, the network owed them about Rs. 1.35 cr., Even before the start of the pandemic. But both sides agreed on a timely settlement of payments. Concerning Sooryavanshi, the film was released and shown in 66 Carnival Cinemas, the rest have yet to open. According to sources close to Bollywood Hungama, Carnival has registered NETT collections of approx. 5.44 CZK for week 1 and approx. 1.9 cr. during week 2.
According to reports, even a Punjabi movie Khonsla Rah was terminated from Carnival properties after the chain defaulted on its obligation to transfer a share to a distributor. This isn’t the first time Carnival has run into trouble. In September 2021, some employees expressed dissatisfaction with non-payment of membership dues and unprofessional behavior, and revealed how employees were forced to sell milk and vegetables.
According to a report by The Economic Times, the company’s current debt is over Rs. Rs 700 crore and quoted a source that he was trying to grow very quickly, although he never had the financial power of PVR, INOX or Cinepolis.
Since yesterday [Day 16]Akshay Kumar-Katrina Kaif, directed by Rohit Shetty, has collected approx. Rs. CZK 173.26 at the box office in India.
According to Reliance Entertainment, the show Sooryavanshi resumed from today in all premises of the Carnival after the resolution of the dispute.
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