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Maharashtra lockdown: Sooryavanshi postponed, film industry braces for more losses
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Maharashtra Lockdown: Sooryavanshi Postponed Again, Industry Staring At Huge Losses
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When the silver screen went dark: Bollywood counts its losses in year of pandemic
The spread of coronavirus pandemic forced Bollywood to press pause and doused the entire industry in unprecedented losses. Updated: December 29, 2020 10:23:20 am
Now that thetres have opened in places, 2021 is expected to have multiple releases. (Photo: Reuters)
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 2020, resulting in revenue losses of maybe thousands of crores and many thousands of workers forced into unemployment.
The coronaviruspandemic 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
Published: Tuesday, December 29, 2020, 9:35 [IST]
Mumbai, Dec 29: 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.
Bollywood s year of losses in 2020: The industry counts its losses in year of pandemic
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