Thalapathy Vijay’s Master will release on January 13 and create history by being the first Tamil film to have the maximum number of screens in the State .The distributors and exhibitors agreed to the conditions set by Seven Screen studios who bought the exhibition rights. The exhibitor lobby had gone in to a huddle after channels reported that OTT platform had put forth a lucrative price for Master.
Sources said that those who had paid MG (advance paid to producer and not refundable) was asking that they be paid interest on the money advanced as the release date keeps on moving further and no end in sight. On the other hand the company also has borrowed from the market. The pandemic had upset the calculation.
The entire cast and crew has been paid in full by Seven Screen studios who acquired the rights from XB Film Creators of Brito, the official co-producer and uncle of the film’s hero Vijay. Brito is said to have pocketed close to Rs 25 cr. Seven Screen has other big budget films too lined up and in various stages of production.
The OTT Amazon Prime has paid close to Rs 60 cr for digital rights. Theatrical business so far done is in the range of Rs 120 crores. Amazon was willing to go in for more money if it was allowed to release by year end or mid January. The success of Soorarai Pottru and Mookuthi Amman which has given three fold returns on investment for OTT has raised the price. 40 million views for Master teaser on YouTube is another factor.
No interest on money given – 80% theatre collection share for distributors in first week and 60 % in second week. MG terms as it is. These terms have to be agreed. Single screen and multiplexes that are not part of national chain have agreed. Now the ball is in the national chain of multiplexes court.
XB Film Creators' statement is as follows: "As we continue to battle the pandemic, we hope you are all safe and doing fine. We understand and can feel the amount of excitement among the audience to celebrate our #Master in theatres. We await the Big Day to come, as much as you do. With lot of rumours surfacing in the past few days, we would like to clarify our stand on it. Though we have an offer from a reputed OTT service provider, we prefer to the theatrical release, which is the need of the hour for the industry to survive the on-going crisis. We also request the theatre owners to stand with us and provide their support for reviving the Tamil Film Industry. We hope to reach out to you soon, with the good news. Stay safe."
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