Three main multiplexes BIG Cinemas, Inox, PVR opt out of strike; likely to sign elusive agreement today
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Three main multiplexes BIG Cinemas, Inox, PVR opt out of strike; likely to sign elusive agreement today
All's not well between the six main multiplexes from the national multiplex chains who stood by each other since their deadlock with the United Producer-Distributor Forum (UPDF) more than eight weeks ago. Three multiplexes are likely to go ahead and sign an agreement with UPDF today that will end their two-month-old strike. This means you can start watching movies in multiplexes soon.
Convinced
It is believed that he has already convinced PVR Cinemas and Inox Cinemas to join him and BIG Cinemas. This means he has broken the famed multiplex unity. Other players like Cinemax, Fame and Fun Republic are not willing to go with the other three. But the general feeling within the industry is that these three are unimportant since they have very few multiplexes nationwide."
The source added, "Meetings have been going on at a frantic pace since last week's meeting between UPDF and Khanna. After Khanna reached an agreement with the producers, he held numerous meetings with other multiplex owners to find a way to end the strike."
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