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As Thug Life flops at box office, theatre owners want compensation
- The movie Thug Life has flopped at the box office, prompting theatre owners to seek compensation from the distributors and producers.
- The ₹130-crore OTT deal signed with Netflix for the movie may undergo a review, potentially leading to a 20-25% reduction in the signing amount.
- The OTT release typically follows theatrical release by 28 days for Tamil movies and 56 days for Hindi movies.
- The primary financial losses due to the movie's failure are likely to be borne by the producers, with potential compensation shared based on the revenue-sharing ratio between theatre owners and distributors.
- Thug Life's first-week collection was approximately ₹45 crore, significantly lower than other successful movies like Vikram starring Kamal Haasan, which made ₹168 crore in its first week.
- On its opening day in Tamil Nadu, Thug Life grossed around ₹10 crore across 413 cinemas, but the collection declined rapidly after receiving poor reviews.
- By the 'Second Friday' post-release, the movie only managed to collect ₹62.5 lakh from 218 cinemas in Tamil Nadu, indicating a steep decline in audience turnout.
- During the weekend following its release, Thug Life experienced less than 25% occupancy in theatres.
- Theatre owners are expected to seek compensation from the distributors and producers, including Kamal Haasan and Mani Ratnam, for the movie's poor performance.
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