Impact of Corona Returns: Crisis on Bollywood again

Impact of Corona Returns: Crisis on cinema again, lockdown and night curfew stalled, release of 11 films, 1100 crores of Bollywood stranded

Six 970 Crores budget movies

Impact of Corona Returns: Crisis on cinema again, lockdown and night curfew stalled, release of 11 films, 1100 crores of Bollywood stranded

The second wave of Corona is proving more dangerous for the film industry. Over the next few months, Bollywood, which has suffered a loss of nearly 2000 crores in the last one year, is at a stake of over Rs 1100 crores. There are 11 films, which are ready and are waiting to get on the big screen.

Due to the increasing scope of lockdown and night curfew in the country, the release dates of films are being extended again. In such a situation, far from compensating for the loss of the previous year, this year's earnings are also seen in difficulty.

From November 2020 to March 2021, some films came to the big screen, but seeing their fate, Bollywood is also shocked. Barring just one film, 'Roohi', no one else managed to make up for its cost. The worst happened to Parineeti Chopra and Arjun Kapoor's film Sandeep and Pinki absconding. Which was made at a cost of about 25 crores and could earn only 35 lakhs.

3000 crore loss in 6 months

Trade analyst Girish Wankhede told that in 2021, more than 50 big films were expected to be released in Hindi. These films were to be released on ten thousand screens. Which had the potential to touch the earnings figure of at least 5000 crores, but the films released in the first quarter of 2021 were a flop at the box office. In the second quarter, this new wave of Corona has knocked, which if reduced further, even then by the end of half a year, Bollywood will have a loss of around 3 thousand crores.

Release calendar impaired

The release of films has begun to be postponed due to increasing cases of corona. Release of 'Faces', 'Suryavanshi' and 'Thalaivi' and 'Bunty Babli-2' in April, 'Radhey', 'Satyamev Jayate-2', 'Bel Batam' in May and '83' and 'Shamshera' in June. The date was almost fixed, but they have been postponed till the conditions become normal.

Ajay turned to OTT

Trade experts said that Akshay Kumar first released his film 'Lakshmi' on Hot-Star last year. Its budget was 135 crores. In view of the danger of Corona, the film 'Bhuj: The Pride India' which is being delayed is made at a cost of 135 crores. The makers have also decided to release the Ajay Devgan starrer film on Hotstar. Hotstar had bought two more films with Bhuj: The Pride India through Ajay Devgan. 'Khuda Hoffiz' and 'The Big Bull'. Both films have been released on Hotstar. 'The Big Bull' movie had a budget of 32.50 crores, 'Khuda Hoffiz' had a budget of 28 crores. Trend pundits are speculating that Hot Star is currently busy showing the IPL live. As soon as the IPL is over, the film 'Bhuj' will be released in June. It is also believed that the promotion of this film will begin in May 2021.

OTT not for big budget

On the other hand Salman Khan, John Abraham and Reliance Entertainment are saying that he will not release his film on OTT. Akshay Kumar starrer film 'Belbatam' is scheduled to release on May 28. It is believed that these films will also not be given to Akshay Kumar OTT. Movies and web series are continuously coming on the OTT platform, but the second model of business works in them. OTT companies do not offer budgets as big as theatrical releases for films. Therefore, the producers are reluctant to release very big budget films like Suryavanshi and 83 on the OTT platform as they pay them a little more than the cost. The budget of 200-300 crores cannot be expected from them, so theatrical release is the last way left.

The second wave of Corona is proving more dangerous for the film industry. Over the next few months, Bollywood, which has suffered a loss of nearly 2000 crores in the last one year, is at a stake of over Rs 1100 crores. There are 11 films, which are ready and are waiting to get on the big screen.

Due to the increasing scope of lockdown and night curfew in the country, the release dates of films are being extended again. In such a situation, far from compensating for the loss of the previous year, this year's earnings are also seen in difficulty.

From November 2020 to March 2021, some films came to the big screen, but seeing their fate, Bollywood is also shocked. Barring just one film, 'Roohi', no one else managed to make up for its cost. The worst happened to Parineeti Chopra and Arjun Kapoor's film Sandeep and Pinki absconding. Which was made at a cost of about 25 crores and could earn only 35 lakhs.

3000 crore loss in 6 months

Trade analyst Girish Wankhede told that in 2021, more than 50 big films were expected to be released in Hindi. These films were to be released on ten thousand screens. Which had the potential to touch the earnings figure of at least 5000 crores, but the films released in the first quarter of 2021 were a flop at the box office. This new wave of Corona knocked in the second quarter