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Courtesy no-release May, Bollywood should lose another crore of Rs 500

 


Business talk: Bollywood should lose another crore of 500 rupees

Business talk: Bollywood should lose another crore of 500 rupees and nbsp

In order to further curb the spread of the coronavirus, Prime Minister Narendra Modi extended the national lockdown until May 3 on Tuesday.

In a telephone conversation with Zoom TV Digital, he said, “I don’t think cinemas will open in May. Even if they open, I don’t think the public wants to go there. “

Speaking of the estimated losses that the industry will suffer as a result of the big vacuum in May, Girish says: “Loss of almost Rs 1000 crore, we calculated for March and April. And according to the estimated box office collection of films due to be released in May, I think we risk losing around Rs 500 crore more. “

“Now, I don’t think we have any chance of covering the losses we have suffered this year. I say this because I’m sure many movies will be pushed until 2021. In Hollywood, most movies Big prices have already been postponed until next year. The ones they have scheduled for September-October are all short films, “he adds.

If medium budget or low budget films were to be broadcast on OTT platforms, we ask him. The film trade analyst believes that “India is a very traditional market in terms of cinematographic experience. On OTT, you don’t get the kind of validation you get when a movie hits theaters. In addition, you are missing an important part of the global theatrical window. For example, if I invest Rs 30 crore in a movie, if I get Rs 32 crore from an OTT platform, I can think about it. But then again, there would be no validation. Ultimately, OTT is a high-end phenomenon. Cinema is a mass phenomenon. “

While high-priced films such as Coolie n ° 1, Radhe: your most wanted Bhai and Laxmmi Bomb were scheduled to hit theaters in May, short films like The girl on the train and Jhund were also announced for publication the same month.



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