Sooryavanshi To Hit Theaters On Independence Day But Under New Terms With Exhibitors?
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Mumbai, June 12, 2021: It's been a long time since the last big Bollywood star movie released in theaters. The covid-19 pandemic keeps playing a spoilsport for many films, and one of them is Akshay Kumar starrer Sooryavanshi. Directed by Rohit Shetty, the movie also star Katrina Kaif as the female lead while Ajay Devgn and Ranveer Singh also have special appearances.
Sooryavanshi was originally scheduled to release in March 2020 and has since had a number of release dates confirmed until the situation with the pandemic in India began to worsen. However, there is good news regarding the new release date of the film and it is that the movie could release on 15 August 2021 in theaters.
According to Box Office Worldwide, Reliance Entertainment has initiated a conversation with exhibitors about the new release date of Sooryavanshi. However, the makers have put forth their new terms for exhibitors that they won't be paying any Voluntary Provident Fund charges as post-lockdown it should be a new norm to reduce the burden on producers.
The report further stated that makers have also proposed the new revenue sharing percentage which will be 60% for the 1st week, 50% for the 2nd week & 40% for the 3rd week and onwards. Sooryavanshi has also been approached by OTT platforms for direct-to-digital release but makers are committed to its theatrical release.
Meanwhile, director Rohit Shetty is currently busy shooting for Khatron Ke Khiladi Season 11 in Cape Town, South Africa. Presented by Reliance Entertainment, Sooryavanshi is produced by Rohit Shetty Picturez in association with Dharma Productions & Cape of Good Films.
Stay tuned...
Mumbai, June 12, 2021: It's been a long time since the last big Bollywood star movie released in theaters. The covid-19 pandemic keeps playing a spoilsport for many films, and one of them is Akshay Kumar starrer Sooryavanshi. Directed by Rohit Shetty, the movie also star Katrina Kaif as the female lead while Ajay Devgn and Ranveer Singh also have special appearances.
Sooryavanshi was originally scheduled to release in March 2020 and has since had a number of release dates confirmed until the situation with the pandemic in India began to worsen. However, there is good news regarding the new release date of the film and it is that the movie could release on 15 August 2021 in theaters.
According to Box Office Worldwide, Reliance Entertainment has initiated a conversation with exhibitors about the new release date of Sooryavanshi. However, the makers have put forth their new terms for exhibitors that they won't be paying any Voluntary Provident Fund charges as post-lockdown it should be a new norm to reduce the burden on producers.
The report further stated that makers have also proposed the new revenue sharing percentage which will be 60% for the 1st week, 50% for the 2nd week & 40% for the 3rd week and onwards. Sooryavanshi has also been approached by OTT platforms for direct-to-digital release but makers are committed to its theatrical release.
Meanwhile, director Rohit Shetty is currently busy shooting for Khatron Ke Khiladi Season 11 in Cape Town, South Africa. Presented by Reliance Entertainment, Sooryavanshi is produced by Rohit Shetty Picturez in association with Dharma Productions & Cape of Good Films.
Stay tuned...
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