The third and final meet between South Film Industry and Digital Service Providers ended without finding any amicable solution. QUBE, one of the leading digital service providers says that they tried to reduce the fee from RS 22,500 to 14,000 but producers turned down the offer.
Jayendra, Co-founder of QUBE tweeted - "Qube offers multiple price options in Bangalore meeting between Producers and Digital Service Providers including dramatic price reduction from 22,500 to 14,000 rupees. All offers turned down".
UFO, another prominent digital service provider also announced that they are ready to cut down the projection fee by 14% but producers demanded minimum 25% reduction from the existing price.
As the final meet wasn't successful, all the four south film industries will not release any new films from March 1.