Telugu Overseas Distributors to face a Bumpy Ride for 2017
In the last couple of years, Telugu Cinema Industry has seen a much better numbers at overseas. Especially, in the last year, there has been a good success ratio for the domestic films in the foreign market.
During the first quarter of this year, the trade would be very crucial and will leave a significant impact on the future business of Telugu Overseas Distributors, as money churning films are on cue, waiting for the Sankranthi release. Various other big-ticket films are also scheduled to release in March and April.
*Megastar Chiranjeevi’s Khaidi No 150 is reportedly acquired for whopping Rs.10 crore at overseas. Yesterday, Dhruva star Ram Charan once again confirmed the release of much-awaited film Khaidi No 150.
*Nandamuri Bala Krishna also releasing his movie Gautami Putra Shatakarni on 12 January, this film was grabbed for a decent 4 crores at overseas.
*Also Sharwanand’s film Shatamanam Bhavathi is sold for 2.5 crores.
*Bahubali 2: The conclusion is bartered for humongous 45 crores only in North America.
*Mahesh23 makers are also about to announce the release date of the film, which is mostly likely, is in the month of March.
Although the films are making big numbers, the percentage of money accounted to Telugu Overseas Distributors is minuscule, which will be considerably reduced to 50-55percent. AMC- Carmike Merger, a Chinese-based entrepreneur has acquired Carmike Cinemas of U.S.A, who surpassed Regal Cinemas, the largest chain of theaters.
The company has ostensibly planning to cut the share of distributors by 20 percent. Adding fuel to the fire, Cinemark is also planning, to reduce their share, accounting for 55 percent to distributors. This will definitely have a significant impact on the distributors.