The
financial mismanagement of Kuselan seems
to have stirred up quite a storm as
the distributors and theater owners
stepped up their demands of compensation.
We had reported earlier that Rajinikanth
had flown down from USA to sort out
issues and arrive at an amicable solution.
He had offered to make a payment of
7 crores to the affected
distributors and exhibitors to cover the losses.
A meeting was held today which had representatives
from the three councils – producers,
distributors and theater owners. At the meeting
the distributors and exhibitors strongly resisted
the offer of 7 crores and said that it was
inadequate to meet their losses. Their stand
is at 13 crores which at present is not acceptable
to Pyramid Saimira who had bought Kuselan
from Kavithalaya. The net worth of Kuselan’s
sales to distributors is estimated to be around
60 crores.
Kuselan was a small movie made on a rather
medium budget in quick time. The only big
thing about Kuselan was the presence of Superstar.
Yet the movie was sold for such huge prices
because of the competition that existed between
distributors and theater owners of the same
areas who fought tooth and nail to get Kuselan.
This artificially pushed up the rates of the
movie. This has spiraled into a stand off
between the distributors and Pyramid Saimira.
In view of the current stalemate of matters,
it is more than sure that there will be another
round of talks shortly to reach a settlement.
Whether Pyramid Saimira bows to pressure or
the distributors agree to step down from their
demands will be interesting to watch. Or maybe
the Superstar will have to take it upon himself
once more to save the day.
