One of India’s largest film studios is holding back the release of its big, long-delayed Bollywood features, betting that movie halls will reopen by year-end and help resuscitate the hard-hit industry after months of closures due to Covid-19. Reliance Big Entertainment Pvt., which has collaborated with Steven Spielberg and is owned by embattled tycoon Anil Ambani, is hoping to release two Hindi-language films in theaters in the next three months, Chief Executive Officer Shibasish Sarkar said in an interview. Theatrical debuts of “83” charting the journey of India’s cricket world cup victory in the title year and the action flick “Sooryavanshi” have been pushed back multiple times since 2020.
Anil Ambani’s studio eyes cinema earnings to recoup Covid losses
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Last Updated: Jul 09, 2021, 07:33 AM IST
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Synopsis
The decision to wait out the pandemic-led closures underscores the financial clout of the box office in India’s film industry that’s already feeling the cash crunch.
PTI
One of India’s largest film studios is holding back the release of its big, long-delayed Bollywood features, betting that movie halls will reopen by year-end and help resuscitate the hard-hit industry after months of closures due to Covid-19.
Reliance Big Entertainment Pvt., which has collaborated with Steven Spielberg and is owned by embattled tycoon Anil Ambani, is hoping to release two Hindi-language films in theaters in the next three months, Chief Executive Officer Shibasish Sarkar said in an interview. Theatrical debuts of “83” charting the journey of India’s cricket world cup victory in the title year and the action flick “Sooryavanshi” have been pushe
Anil Ambani s Studio Eyes Cinema Earnings to Recoup Covid Losses bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
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Multiplex major PVR Ltd continues to bear the brunt of the ongoing pandemic, as it recorded a consolidated net loss of Rs 289.12 crore in the quarter ended on March 31. The company reported a net loss of Rs 74.49 crore in the same quarter of the last fiscal.