Get the combination of director and hero correctly, money won’t be a problem in film industry because financiers come in running with currency bundles which is half way victory for producers and buyers would also remain excited to pay advance payments from different areas. This is the talk till yesterday because demonetization is sweeping black money out from Indian economy.
In such dire situations, a star producer is learnt to have received strange call from his friendly, longtime Proddatur financier. The deal is quiet fascinating as the said financier offered a lowest interest rate of 1.5% on whatever the amount producer takes with him in next one month. Of course, the appalling constraint is… producer has to accept only the old currency in 500 and 1000 notes.
In film circles, 1.5% is a dead cheap interest rate. Nothing less than 5% works here and if the producer is in crunch with production in mid stage, the interest rate scales up to 10% and more in decisive times. This star producer familiarized in industry as master in controlling production costs despite having number of projects in parallel pipeline has straight forward denied the financier’s bumper offer. That’s the pathetic situation in film industry. Producers are happy to sit workless instead of getting into a financial mess. Who knows, the same financier may hike the interest rate to usual 5% by next year mid and the same producer might welcome him.