Gulte News
Prasads Multiplex is one of the iconic theatres in Hyderabad. Established in 2003, the property hosted a lot of films. The multiplex is a hub for the movie lovers every weekend. Irrespective of the budget of a film, Prasads always hosted the special premieres and early premieres. In some cases, the first show was played in Prasads first. Shockingly, this time, Prasads is not hosting Pushpa 2: The Rule.
The word in the market is that the Prasads management is not willing to give a share of 55 percentage to the producers. Reportedly, all other multiplex chains are giving 55 percentage share. Prasads always gives 50-52% share. The producers disagree with the management of Prasads that the multiplex chains across the nation are giving 55 percent and they expect the same from Prasads too.
Since Prasads is doing this for almost a decade, they also have a policy to give F&B at an affordable price. Prasads management is not willing to give 55 % because if they accept for this, it will become a standard and they need to offer the same for all distributors going forward!
Because of the disagreement with producers, the Prasads did not list any shows for the film tomorrow. The multiplex is also not hosting the special premieres that were started in many single screens and some plexes.
We have to see if the situation changes in a day or two.
