The meeting between the two parties was held at the Yash Raj Studios and lasted for close to 12 hours. President of the Indian Motion Pictures Producers Association (IMPPA) Mukesh Bhatt confirmed the news and said movies will start screening at the multiplex form July 12 onwards. The final settlement that has been reached between the two parties is 50, 42, 35 and 30 percent for the first, second, third and fourth week respectively for all movies and 52, 45, 38 and 30 percent respectively for all blockbuster movies that manage to collect more than Rs.17.5 crores.
The strike also saw Shahrukh Khan and Aamir Khan come on a common platform and pledge their support to the producers and distributors. The end of the strike will be a welcome relief for the industry as 2009 has been a disastrous year so far with no money spinner yet with almost half the year gone. Vashu Bhagnani's Kal Kissne Dekha and Mithun Chakraborty's Zor Laga Ke Haiya will hit the theatres next week and formally call of the strike.