“Thank You… But No Thank You,” Say Exhibitors To UTV

UTV didn’t have a smooth sailing when it came to signing its contracts for Thank You with the exhibitors. First and foremost, it insisted on adding a clause in the agreement with exhibitors, making them responsible to pay sales tax. The exhibitors – multiplexes as well as singlescreen cinemas – refused to sign the contracts after which UTV agreed to delete the clause subject to an oral understanding with them. It then asked the multiplexes other than the national chains to share the box-office spoils in the ratio of 60%, 50%, 40% and 30% (to UTV) in the first, second, third and fourth weeks respectively.