Trade Experts and Film Distributors talk about the rampant losses that theatres have faced over the past two years. Is the business in 2022 getting back to pre-Covid numbers? Let바카라s find out.
The Hindi film industry has faced massive losses in the past couple of years. The business was booming back in 2019 and there was growth at the box-office with every passing year. However, when the pandemic hit, and the lockdown was announced on this very date two years back, everything got shattered and the business was brought down to bits.
As the film industry completes two years of the very first Covid lockdown, let바카라s glance at how much losses have been faced by the film industry and the theatre business.
바카라If you think of the box-office, there has been a growth every year before the lockdown. The 2019 box-office was 4400 crores, the 2018 box-office was 3300 crores, the 2017 box-office was 3000 crores. So, the average business was growing year after year. But in 2020, the business received a massive hit. The first 3 months itself had 바카라Tanhaji바카라, 바카라Baaghi 3바카라 and a few others and they did good business. But when the theatres opened up in October 2020, there was no business at all. In 2020 the total box-office was just 650 crores. In 2021, the box-office was just around 450-500 crores. This was the overall Hindi theatre business,바카라 says Trade Expert Atul Mohan.
Speaking of the restrictions that have been levied all through, Mohan reveals, 바카라It was just last month that the theatres were opened up with 바카라Gangubai Kathiawadi바카라. A lot of places theatres were shut for almost the entire duration, and finally, they바카라re getting back to normalcy. There had been a few releases here and there in the middle, but in most of the states it was either shut or opened up in limited capacity.바카라
Talking about the same trade Expert Taran Adarsh says, 바카라The business has not at all recovered. You cannot recover the losses of two years in just 2-3 months. It바카라s not possible. The films have been delayed. The theatres had been shut and everything came to a standstill. So, obviously, it바카라s not going to be easy.바카라
바카라In 2022, the business has seen around 380-390 Crores in just these two-three months. 바카라Gangubai Kathiawadi바카라 and 바카라The Kashmir Files바카라 are pretty much the only two that have contributed to this figure. Even 바카라RRR바카라 you shouldn바카라t ideally calculate as it바카라s a south film basically, and we can바카라t take it in Hindi. Even 바카라Pushpa바카라 and 바카라Spider-Man: No Way Home바카라 we can바카라t calculate as they were not Hindi films. They all fall in the dubbed category. The problem is also that the ticket prices are high now and audiences know that in three or four weeks, the movie will come on Amazon Prime or Netflix, etc, so why would one spend that much money? If they바카라ve waited for so long, why not wait for another few days,바카라 says Mohan talking about the current scenario.
And what does the future behold? 바카라The lineup of films is great. From what it can be seen on the outset, it feels like the year should end at 2000-2500 crores,바카라 adds Mohan.
바카라It바카라s going to take time. It바카라s going to happen slowly slowly. With many films doing well, the future looks bright,바카라 concludes Adarsh.
With big films like 'RRR' having been released today and a flurry of releases happening in the coming weeks, the film industry is definitely hoping to see brighter days ahead.