All the release issues surrounding Ram Charan’s Peddi in Nizam have been cleared. Nizam exhibitors, who were initially reluctant to release the film under the rental system and demanded a percentage-sharing model, have now moved out of the way, ensuring a smooth release.
Earlier this week, exhibitors met industry stalwart Megastar Chiranjeevi to discuss the issue. Following Chiranjeevi’s assurance, the exhibitors agreed not to create any further hurdles for the release of Peddi. Megastar will regularly monitor the meetings of the subcommittee formed by the Telangana Film Chamber of Commerce regarding the implementation of the percentage system.
The new revenue-sharing model will be implemented from July 3, and the roadmap regarding the terms will be finalized by June 30. The focus now shifts to permissions from the governments for ticket price hikes and premiere shows.
