Bollywood film producers will begin an indefinite strike on Saturday. The strike is the result of tussle between multiplexes and producers over the revenue sharing. Both parties failed to reach at any amicable solution. Under the protest no new films will be released in popular multiplex cinemas. This strike will lead to Rs 100 to 200 crore losses to producers, distributors and exhibitors.

Filmmaker Mukesh Bhatt, who heads the United Producers Distributors Forum said the losses could mount to over Rs 500 crore if a solution is not reached at the earliest.

Producers claim that they should get 50% share in the revenues generated by the cinemas however multi-screen cinema owners claim that producers should get share in revenue according to the success of the film. Producers should get less than 50% of revenues if films do badly at the box office.

Multilplexes will be showing old films until the dispute is resolved.