In a significant breakthrough for the Telugu film industry, producers, exhibitors, and distributors reached a consensus on the long-debated percentage-sharing system during a meeting at the Film Chamber office in Film Nagar on Friday. The discussions, attended by prominent industry figures including D Suresh Babu, Allu Aravind, Swapna Dutt, Suniel Narang, Suryadevara Naga Vamsi, and Yalamanchili Ravi Shankar, also led to the formation of a 15-member committee to address implementation-related concerns.
Key Developments
Producers have agreed in principle on moving to a percentage-sharing model. Dil Raju, Chairman of TFDC, stated, "This is a very positive development for everyone. Peddi will release in a big way as scheduled." D Suresh Babu, President of TFCC, added, "Producers, exhibitors, and distributors have agreed to form a committee to discuss the percentage-sharing system. Everyone’s in agreement and we’re moving ahead amicably."
Committee Formation
The committee, comprising five members each from the exhibitors’, distributors’, and producers’ bodies, will resolve all issues within two months, according to producer C Kalyan. Producer Natti Kumar noted, "There was no serious fight between anyone, only a heated argument. After discussions, the issue was resolved. We are like a family at the end of the day."
This development marks a collaborative step forward for the Telugu film industry, aiming to streamline revenue distribution and foster a healthier business environment.
