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Godfather, Sathurangam…movies worth 75 crores lie in dark
Aug 31, 2006

While Tamil cinema has witnessed quite a few hits this year, sadly enough close to 20 movies are in the cans waiting for buyers for their release or half way through in their production waiting for takers. Movies like the bigwig starrers Godfather, Sadurangam and small time movies like Thullal, Sivalingam IPS, and Poi are waiting for their release since their production is over.

Ajith kumar

An estimated Rs. 75 crore is said to have been in jeopardy owing to the plight of these movies.

Financial reasons are quoted to be the main cause for the non-release of those movies. Excessive spending ahead of the budget causes the producers to lay hands on the budget earmarked for the release of the movie leaving no finance for the release. When the distributors demand the movies for a much lesser rate, they decide not to release the movie for fear of loss. The interest rates of debts keep piling up leaving the movie an uncertain future.

Producers’ Council head Ramanarayanan stated that efforts are being taken to bring the movies to screens and that he is holding talks with various organizations for release of the movies. Industry sources reveal that Godfather will be released for Diwali to pacify the fans with Ajith’s long pending visual treat.

 
 
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