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Reliance and National Multiplex Chains lock 55% revenue share for Rohit Shetty's Sooryavanshi

It was one of the most hectic days in the Hindi film industry as never before has the advance booking of a film opened up less than 12 hours before the first show. Bollywood Hungama has been a constant in reporting the revenue sharing disagreements between Reliance Entertainment and the National Multiplex Chains.


Reliance and National Multiplex Chains lock 55% revenue share for Rohit Shetty's Sooryavanshi


While all through the week, Reliance was adamant on 60% revenue share for Week 1, National multiplex chains were refusing to up the usual norm of 52.5%. Finally, the stakeholders settled late on Thursday night with advance bookings opening up at 10.30 pm. "While Rohit Shetty kept a bit of distance from the revenue share issue till Wednesday, he was completely involved in all decision making on Thursday. Right from morning, he headed all meetings with Reliance and Multiplexes trying to find a solution. He held on to the film for a big screen release for 20 months and wanted it to reach the audience all across India in the best possible way. Hence, letting go off a multiplex release was not exactly an option," an insider informed Bollywood Hungama.


The insider adds, "Finally, Rohit brought Reliance and Multiplex Association on the common ground with all parties agreeing to a revenue sharing model of 55% in the first week. This was somewhere in between the first offer of 50% made by national chains and 60% made by Reliance. Rohit even tried to sort out the show sharing issues with Disney. While the studio wasn't available for the meetings, Rohit sat down on the showcasing front to ensure that Sooryavanshi gets maximum showcasing without compromising much on the Hollywood Film, Eternals. Finally, things fell in place on this busy Diwali day."


The movie is now releasing on nearly 4200 screens in India today and is expected to set the box office on fire. Sooryavanshi features Akshay Kumar, Katrina Kaif, Ajay Devgn and Ranveer Singh and is a part of Rohit Shetty's cop universe.


Also Read: “Industry’s best foot forward to bring people back to the cinemas” – YRF wishes team Sooryavanshi on its release






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News24.com | NSFAS theft trial: Student will not take the stand in case she incriminates herself, court hears

The lawyer of the Walter Sisulu University student accused of stealing a portion of R14 million from NSFAS reminded the East London Regional Court of evidence before the court which revealed auditing firm Ernst & Young and others cleared his client of wrongdoing following investigations in 2017.



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News24.com | FRIDAY BRIEFING | BOOOOM! South African politics as we know it has exploded

This week's political developments are of historical proportions and will impact our future deeply.



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Elections 2021: ‘Disgruntled supporters withheld their votes’ -ANC KZN

The African National Congress (ANC) in KwaZulu-Natal (KZN) has blamed its drop in performance at the local government elections on disgruntled party supporters who opted not to flock to voting stations. The ANC was only able to get 42.02% of the votes in KZN and has lost its outright majority in the eThekwini Municipality.


This means that the party would now need to form a coalition government to continue leading KZN’s only metro. It is no secret that voter turnout was dissappointingly low, as only more than 12 million people headed to polling stations – not even half of the 26 million people who had registered to vote. ANC KZN chairperson Sihle Zikalala says supporters who are not happy with the party withheld their votes.


“The honest reflection is the ANC is hurting and disappointed, and we are saying so because the ANC supporters in our stronghold did not turn out to vote. They rather decided not to vote at all,” said Zikalala. 


ANC KZN CONCERNED ABOUT NATIONAL ELECTIONS


Now the ANC KZN’s drop in votes has prompted concern over the party’s overall performance in the national elections, which will be held in 2024.


“The immediate implication that is of concern to us is that it creates an impression and sets the scene towards 2024 that if it doesn’t attend to many of the challenges that have been identified, we will not be able to come back as a governing party in the province of KZN,” said ANC provincial secretary Mdumiseni Ntuli. 


The ANC in KZN’s provincial executive committee (PEC) and branches are expected to meet to find a way forward, in the wake of the party’s drop in voter support.



“We will be going to national elections in 2024 and I know, and I am sure that many of us in the ANC leadership will be very convinced that by the time we get to 2024, the situation that we have gone through during this period would have been resolved”


ANC provincial secretary Mdumiseni Ntuli





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Harmonize – Why ft. Sarkodie

Konde Music Worldwide star, Harmonize has released a brand new single, “Why”. Harmonize collaborates with Ghanaian heavyweight rapper, Sarkodie to deliver an ear-candy record. The new song “Why” was taken from Harmonzie second studio project, “High School” album. Furthermore, the album, “High School” is a 20-tracks project that features Sarkodie, Naira Marley, Busiswa and others. […]



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Harmonize – Sandakalawe (Remix) ft. Busiswa

Tanzanian singer, Harmonize releases the remix to his previous single, “Sandakalawe”. Presumably, “Sandakalawe” is a catchy Amapiano record that features South African music queen, Busiswa. The Daxo Chali-produced number, “Sandakalawe” was lifted from Harmonzie latest album, “High School“. In addition, the project, “High School” serves as a follow-up to his previous work, ‘Afro East‘ album. Listen […]



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This website provides general information only. We do not host or distribute copyrighted material and do not support illegal downloads or torrenting. Any references to third-party tools or websites are for informational purposes. Users are responsible for ensuring their activities comply with applicable laws.