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Producer Guild Comes To A Decision!
By: Tupaki Desk | 16 Jun 2020 11:10 AM GMT
It is known that the producers don't fund the money entirely but take the help of financiers. The interests of financiers get multiplied as the releases get postponed and they don't get their money back. We all know how things are in the industry from the past few months.
The virus outbreak led to a shutdown of all the theatres and there were zero releases from the third week of March. This resulted in piling up of interests and the producers are paying it from the last 3-4 months and the financiers are reportedly showing to sympathy at all.
This came into the notice of Producers Guild and sources say that they decided to take a decision for all the films that were stalled. This decision is not going down well with financiers as they are not ready to give new loans as per reports. The financiers are not ready to give new loans unless their previous investments get recovered. We need to see how both the parties come to a definite conclusion on this serious problem.
The virus outbreak led to a shutdown of all the theatres and there were zero releases from the third week of March. This resulted in piling up of interests and the producers are paying it from the last 3-4 months and the financiers are reportedly showing to sympathy at all.
This came into the notice of Producers Guild and sources say that they decided to take a decision for all the films that were stalled. This decision is not going down well with financiers as they are not ready to give new loans as per reports. The financiers are not ready to give new loans unless their previous investments get recovered. We need to see how both the parties come to a definite conclusion on this serious problem.
