India Business News: Big-budget movies like 'Bade Miyan Chote Miyan' and 'Maidaan' performing poorly have led to multiplexes and single-screen theatres cutting down on sho
According to various estimates of trade analysts, multiplexes having five to six auditoriums are restricting shows to two or three, while some single-screen theatres are temporarily shutting operations, due to poor business and large expenses associated with running them.
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Updated Apr 09, 2021 | 10:57 IST
Movie producers have delayed Hindi movie releases after Maharashtra closed down multiplexes. This will significantly impact the business despite Uttar Pradesh, Haryana and West Bengal allowing 100% occupancy New movie releases postponed after Maharashtra shuts multiplexes amid Covid surge | Photo Credit: PTI
As Maharashtra downed the shutters of its multiplexes amid a second wave of the pandemic, it’s not just the latter who will feel the pain.
Hindi movie aficionados across the nation will also be at a loss as movie producers are delaying new releases. Several movie producers have postponed the release dates of films after the state shut down multiplexes till April end amid skyrocketing Covid-19 cases across the state, according to an ET report.
Film industry in a tizzy after actors, technicians test positive
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Many producers have said Covid-related delays in shootings, cancellation of shoot locations, delay in film release etc are already resulting in production costs spiralling up.
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The Indian film industry is once again staring at major losses amid rising second wave of Covid-19 cases in Maharashtra and other states with a bunch of actors and crew members testing positive for the virus, bringing entire shooting schedules to a grinding halt.
Many producers have said Covid-related delays in shootings, cancellation of shoot locations, delay in film release etc are already resulting in production costs spiralling up.