Leo is a loss venture for theatre owners in Tamil Nadu. It might come across as a shocker to the fans, but it is what the Tamil Nadu Theater Association head has to say. Before the release itself, many theatre owners had taken a backstep due to the producers/ distributors demanding a heavy percentage from the theatre owners. The producers demanded 80% from theatre owners, and with no choice, as no other films were getting released, the theatre owners okayed at the last moment.
Leo – Tamil Nadu Theatres Percentage Issue:
Tamil Nadu Theatre Association head Tirupur Subramanian shares his disappointment and deep pain of the 80% share demand agreement done for the movie Leo. He said that If this trend continues, many theatres will have to be closed shortly. “Since no other movie has been released. We were forced to agree on no other choice,” said Subramanian. The gist of his words was Leo is a loss venture for theatre owners in Tamil Nadu.
He added, “Keeping this as a benchmark, they will demand more than 80% in the next movie; giving 80% share in net is a loss venture for any theatre owner; now the producers have money; how will theatre owners make money if the same trend continues, the theatres will end up as substantial loss ventures. Leo is a loss venture for theatre owners. They did not make any money.”
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