Amid criticism for delay, the Karnataka government has finally moved in to cap movie ticket prices at Rs 200 though exemptions were given to Gold Class and high end movie theatres like IMAX and 4DX, just five days after the release of Bahubali 2 in which distributors have made their dream run for money.
The exemptions also cannot be more than 10 per cent of the total number of seating capacity of the movie theatre. With this, the promise made by State CM Siddaramaiah in the budget comes true with immediate effect from Wednesday.
“We are reserving 90 per cent of the seats with the capping of prices. The 10 per cent of the seats is left to the theatre owners to reserve as gold class seats,” said state information principal secretary M.Lakshminarayana. The gold class seats will not be more than 30 or 40 in any movie theatre.
Apart from the multiplexes, single screen theatres without gold class can reserve 10 per cent of their seats to be sold at a premium rate.The move comes after almost five years of negotiations with multiplex owners.