Synopsis
On a yearly basis, total Hindi films earnings would have been about Rs 3,000 crore but they stand at Rs 500-600 crore only. So bollywood have lost out on making at least Rs 1,700-2,000 crore.
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The pandemic is still here so occupancy won t reach 100 per cent in cinema halls, experts say
Mumbai: As productions halted, theatres shut their doors and audiences settled down in front of their screens, the Hindi film industry hit pause button in the year that was resulting in revenue losses of maybe thousands of crores and many thousands of workers forced into unemployment.
The coronavirus pandemic scripted a tale of unprecedented challenges for the flourishing industry that came to a screeching halt in 2020. While there are no exact figures, some insiders estimated the losses could be upwards of Rs 1,500 crore to thousands of crores and said single screen theatres would have lost anything between Rs 25 to Rs 75 lakh a month.
When the silver screen went dark: Bollywood counts its losses in year of COVID-19
It is a dual edged crisis, of creating content and also exhibiting it with many producers either postponing or moving to OTT platforms.
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MUMBAI: As productions halted, theatres shut their doors and audiences settled down in front of their screens, the Hindi film industry hit pause button in the year that was - resulting in revenue losses of maybe thousands of crores and many thousands of workers forced into unemployment.
The coronavirus pandemic scripted a tale of unprecedented challenges for the flourishing industry that came to a screeching halt in 2020.