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Bollywood stares at big losses amid Covid-19 surge

Bollywood

The increase of COVID-19 instances has led Bollywood to put a stop to several things, including film releases and shoot schedules. The entertainment business is now facing massive financial losses in the hundreds of millions of rupees. At least Rs. 1000 crore is wasted every quarter in terms of box-office revenue. In a typical year, the box office brings in more than Rs 4,000 crores. Every month, we lose money, ” says Joginder Tuteja, a trade expert. 

Bollywood stares at big losses amid Covid-19 surge

We’re staring at over Rs 1500 crore in box office losses in the first quarter alone. The festive weekends of the first month of the year have been lost due to the issue, “says producer and trade analyst Girish Johar,” says the executive.

Jersey, starring Shahid Kapoor, was the first film to be postponed owing to an increase in the number of. COVIDd-19 cases in December 2021. RRR, Radhe Shyam, and Prithviraj have all been postponed since then. Many films’ outdoor schedules have been impacted. They include Merry Christmas, Pathan, Tiger 3, Liger, and Rocky Aur Rani Ki Prem Kahani.

The film industry’s production and distribution are being harmed by limitations in Mumbai and across most of India. Most currently shooting films have had to cancel or postpone their plans, resulting in increased costs. It’s going to be a monumental job for these films to deliver within the specified timetables, “laments Mission Majnu producer AmarButala.”

“We have seen significant losses until now. And if you lose, toh aur (losses) honge. It’s been going on for a while now, but bhut zyada bada setback hai,” says director Anees Bazmee.

Stay tuned to Bollywood Hush for the latest Bigg Boss Live the latest Bollywood newsmovie reviewscelebrities news, new Bollywood moviesLatest Hindi Tv Serial Gossip, and more. 

 

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