Lingaa distributors seek Rs. 15 cr. more

Updated - June 04, 2015 05:47 am IST

Published - June 04, 2015 12:00 am IST - CHENNAI:

Actor Rajinikanth might be getting ready to face the camera once again in August, but the financial issues related his previous film, Lingaa , which bombed at the box office, refuse to die down.  

On Wednesday, aggrieved theatre owners, who bought the film on a minimum guarantee basis (non-refundable advance), demanded they be given a further compensation of Rs. 15 crore. After persistent protests, actor Rajinikanth had agreed to pay back Rs 12.5 crore.  

“Those who purchased the film thinking that they would get a minimum guarantee have not been compensated. So, we want Rajinikanth to intervene and settle the issue in one week, failing which we will protest in front of his house,” said Singaravelu, a distributor from Trichy.  

He further added that only a part of the Rs. 12.5-crore compensation, which was promised, has been settled. “We have received only Rs. 6 crore,” he said.

Tirupur Subramanian, a distributor close to Rajinikanth, who was entrusted with the job of settling the dues, said the demands were over the top and it was highly unlikely that they will be met. “The total loss runs to the tune of Rs. 34 crore. Rajinikanth has done what he could afford,” he said.  

He also added that he was waiting to receive rest of the funds from the film’s producer.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.