Government cannot implement revenue-sharing system for film industry: APSFTVTDC chairman
The APSFTVTDC chairman announced that the government cannot implement a revenue-sharing system for the film industry due to financial constraints. Additionally, the government is unable to provide direct financial assistance to producers or exhibitors at this time.
Why it matters
This decision impacts the economic stability of the regional film industry and highlights the fiscal limitations currently facing the state government.
Andhra Pradesh State Film, Television and Theatre Development Corporation (APSFTVTDC) chairman P. Bharat Bhushan on Friday said the government was not in a position to implement a percentage-based revenue-sharing system between film producers and exhibitors.
Speaking at the AP Exhibitors’ Committee meeting in Vijayawada, Mr. Bharat Bhushan said the government’s current financial constraints also prevented it from extending financial assistance to either producers or exhibitors.
Earlier, exhibitors, producers, theatre owners and other representatives of the film industry urged the government, through Mr. Bharat Bhushan, to implement a single-window system for B-Form licences. They sought the issuance of B-Form licences through a single-window mechanism for a five-year period, in accordance with the Cinematograph Act.
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