Disappointing News For South Indian Cinema
By Vivek Raj [ February 24, 2018 ]
Few days back, we had reported on an ongoing tug of war between the South Indian film producers and Digital Service Producers namely QUBE and UFO. Yesterday saw a meeting between the two for the third and final time with an unsuccessful result.
Jayendra the co-founder of QUBE took to his Twitter page to state they had offered several options during the meeting including reducing the prices, but all offers were turned down.
Qube offers multiple price options in Bangalore meeting between Producers and Digital Service Providers including dramatic price reduction from 22,500 to 14,000 rupees. All offers turned down.— Jayendra (@JayendrasPOV) February 23, 2018
UFO too is said to have come forward to bring down the prices for the projection fee by 14% to which the producers have requested a 25% reduction from the current price.
As the meeting has turned out to be successful, no films from the four south Indian film industries will come out starting March 1.