Walt Disney has successfully completed one of the biggest deals in the Entertainment industry after buying 21st Century Fox on March 20. The deal will lead to big changes as the Fox group owns some of the most popular franchises in the industry.
Big news has come for theaters in India as Walt Disney’s has refused to pay the virtual print fee (VPF) to multiplexes. This has put a question mark on the release of several films in India which are produced or distributed by Fox Star Studios.
If we believe reports, Disney has told Fox Star Studios to stop the paying VPF and this may result in many multiplexes refusing to show the films. Currently, Multiplexes charge Rs 20,000 per film per screen from filmmakers as VPF.
“As a global policy, Disney doesn’t pay such fee. With the merger now done, Disney has made it clear that Fox Star Studio, now a Disney company, will not be allowed to pay VPF either,” said a highly placed source. “Currently, officials at Fox Star Studios are trying to resist the mandate, but they will ultimately have to comply.
If you don’t know, Disney had refused to pay VPF for Dangal and it still became one of the highest grossing Bollywood films of all time. However, Fox and other filmmakers have been paying VPF for their Hindi and other regional films.
Quote source: BrandEquity