Ticket prices hike likely for movies made with a budget of more than Rs 100 Cr

Ticket prices hike likely for movies made with a budget of more than Rs 100 Cr
Ticket prices hike likely for movies made with a budget of more than Rs 100 Cr

Tollywood biggies met Andhra Pradesh chief minister YS Jagan Mohan Reddy to discuss on the ticket prices issue on Thursday and according to the inputs from the participants the meeting was held in a very friendly atmosphere. YS Jagan had shown utmost respect and hospitality towards Tollywood delegation consisting of stars like Chiranjeevi, Mahesh Babu, Prabhas, Rajamouli and others. After meeting with CM, Tollywood biggies expressed happiness that YS Jagan has assured them of all support and that Govt will come up with a favourable decision in case of ticket prices issue within a week or two.

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A committee appointed by AP CM YS Jagan Mohan Reddy has already worked on the issue and presented a report to Government. It is said that unofficially AP Government had already informed the recommendations of Committee to Telugu film industry people and latter expressed their satisfaction. If the news coming from sources close to AP Chief Minister Office (CMO) are to be believed, then Government may give permission for movies made with more than Rs 100 Cr budget to hike ticket prices in the first week. However the Committee specified that Rs 100 Cr should be spent on production work alone, excluding stars remuneration. This means small and medium budget movies cannot hike ticket prices but ultra big budget movies can increase.