The two parties came together at Yash Raj Studios to discuss how box office revenues should be split.
Mukesh Bhatt, chairman of the United Producers and Distributors Association, said: "Our talks have stalled. Multiplexes have come back with the same formula they had proposed in January 2009, with absolutely no change.
"If that was a feasible percentage then why would we have stalled releases for so many months and deprived audiences of films?"
Producers argue that they deserve an equal share of takings, instead of the traditional 60-40 split in favour of multiplex owners.
As a result of the dispute, UTV Motion Pictures are now planning to release Kaminey across India's single-screen cinemas only.
That would mean that the film, which stars Shahid Kapoor and Priyanka Chopra, will not be available for showing in 65-70% of the Indian cinema market.