Salman Khan compensates distributors over Tubelight losses with Rs 32 crore payout
Salman Khan's 2017 venture Tubelight, helmed by Kabir Khan, didn't perform on par with the superstar's other releases at the box-office. As a consequence, the film distributors incurred some losses as well.
Tubelight's makers managed to make Rs 105.86 crore from India alone. However, the figure was supplemented by its satellite rights, sold for Rs 60 crore, and music rights, sold for Rs 20 crore, which added up to over Rs 185 crore. That was just Rs 15 crore more than its budget of Rs 170 crore. These figures didn't match up to the money that a Salman Khan-starrer usually makes.
It was earlier reported that Khan would pay the distributors a refund for whatever losses they had incurred.
Salman's father and veteran writer Salim Khan also confirmed the development. He told Mid-Day, "When a distributor suffers a loss, the producer needs to show some responsibility and share the burden. We, too, have done the same thing. We met a few of them and are trying to find a middle ground. We will pay back the distributors."
However, the official figure was not available, although a report by Bollywood Hungama stated that Khan would reportedly pay 50 percent of the total losses incurred.
Now, Mumbai Mirror has reported that the Khans paid distributors a sum of Rs 31 crore as compensation. An additional Rs 1.50 crore would be paid to exhibitors as a refund, the report added.
“Whenever there’s a problem or a discussion, the final decision is mine. Even when I was working, after Javed (former scriptwriting partner Javed Akhtar) and I parted ways, I returned my share of the signing amount of all the films we had signed together. Some films work, some don’t, but in this case the losses were comparatively higher. Even though Tubelight did a business of over Rs 100 crore, it did not justify the price for which it was bought. This way, a large part of the losses will be covered, and from the distributors to the exhibitors, everyone down to the last person in the chain, has been compensated,” Salim Khan told a Mumbai Mirror correspondent.
He had earlier promised to pay the refund by the end of July. But the actor was out of the city for quite a while now, as he was shooting for his upcoming Tiger Zinda Hai with Katrina Kaif.
Trade experts said they were anticipating a similar move from Shah Rukh Khan, for Jab Harry Met Sejal.
Published Date: Aug 15, 2017 14:02 PM | Updated Date: Aug 15, 2017 14:12 PM