sssPuri Jagannadh and Charmee’s Double iSmart is releasing on August 15th. The movie is facing theaters crunch in Nizam due to their earlier issue with Liger.
Liger is a massive loss venture for the buyers. Back then, Warangal Srinu brought the rights of Liger as a whole.
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He collected money from the Exhibitors and now disappeared out of the business.
Suniel Narang in Nizam and Dil Raju in Uttarandhra are also the victims of Liger.
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But then, Puri and Charmee brushed off their hands from this issue as they sold the film to Warangal Srinu and not to these buyers. Moreover, it is a Non-Refundable Advance Deal. So, there is no legal obligation for them.
The Exhibitors of Nizam say they gave their advances to Warangal Srinu keeping Charmee and Asian Suniel in the loop and they can not evade the responsibility.
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They are threatening a boycott of the movie in Nizam and so the issue landed in the Film Chamber.
According to the Chamber Rule, in case of a big disaster, 20% has to be compensated to the buyers.
The Twenty Percentage will be divided equally into three parts – Hero, Director, and Producer.
In this issue, Puri will take the entire responsibility.
We will get a clarity about the amount and the payment terms today.
The agreed compensation maybe given in two installments – one for now and the other for the next movie.
Details will be out soon.
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