Rs. 120 Crore gamble in 8 movies

has given the permission for release of already scheduled moves in December, January; yet the condition seems to be becoming worst with each passing day as the deadlock between Producer, Film Employees and Artists is continuing.

It is close to a week since shootings came to a halt and the endless reconciliatory discussions between the AP Film Chamber of Commerce, Movie Artistes Association, AP Film Employees Federation and Telugu Film Producers Council have only worsened the situation. If sources are to be believed,the logjam in tollywood might continue for some more days, which means huge losses to an industry that is already bleeding due to a series of big flops in 2010.

Trade pundits reveal that an estimated Rs.120 Crore is at stake on the eight movies which include Nagavalli, Parama Veera Chakra, Anaganaga O Dheerudu, Mirapakay, Ragada, Mr. Perfect and two more small releases.