It has also started an initiative to come to an agreeable consensus regarding these matters, after discussions with AMMA and FEFCA.
It is learned that the Film Chamber has been forced to take such decisions after a disastrous 2009, when a majority of the films that were released sank without a trace at the box office. The estimated loss for the industry during last year is about eighty crores.
The Film Chamber would hold a meeting today at Cochin. Reduction in the remuneration of the stars would be a major point of discussion, according to Evershine Mani, Chamber Secretary.
Different producers, distributors and theatre owners would take part in the meeting. It should be remembered that several suggestions to reduce the overall cost of the film including restricting the budget to three and a half crores are yet to be put into practice.
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