Hosting movie functions in star hotels is common, with costs covering the venue, food, and a few rooms. Typically, payments are collected in advance.
However, regular bookings from some big production companies make hotels forgo advance payments and allow events to proceed with the expectation that they will pay later.
Currently, a movie company is allegedly troubling a multinational hotel chain in the city by not settling its bill.
Despite the film industry's confidence due to continuous productions, financial struggles arise when movies flop.
Payments are slowing down, with pending dues for actors, technicians, and now, even the hotel hosting the movie event.
The hotel's marketing team is persistently visiting the producer’s office to collect the outstanding amount.
This situation has forced hotels to tighten their policies, refusing to host film events without full upfront payments.
Previously, small companies faced such restrictions, but now even big production houses are struggling due to delayed payments. Consequently, movie functions at this hotel chain have decreased.
Ironically, this hotel was once known for offering generous discounts to the film industry.
1740127640.jpg)
