The hopes of the film industry, which moans for Corona, are taking wings. Filmmakers, film distributors and theater owners, who have been suffering losses at the box office for the past two years, breathed a sigh of relief this weekend when a Bollywood movie and two Hollywood movies released their best collections. during the period of the Qur’an. . Yes, Bollywood actor Akshay Kumar’s film ‘Bell Bottom’, Marvel Studio’s superhero film ‘Shang Chi and the Legend of the Ten Rings’ and Hollywood actor Vin Diesel’s film ‘Fast and Furious 9’ totaled 21 in India last weekend. box office taking of Rs. This revenue figure is a good sign for Bollywood filmmakers, who are preparing to release their films.
Marvel Studios superhero movie ‘Shang Chi and the Legend of the Ten Rings’ has proven to be the best movie of this season in terms of earnings. It earned 10.60 crore in the first week of its release. He did a business of Rs 3 crore in the first five days of the week, Rs 3.33 crore and Rs 4.31 crore on Saturdays and Sundays respectively. This film of a Chinese superhero won the highest recognition in the south. However, many of his shows were filmed throughout the house over the weekend on the Hindi belt. The second Hollywood movie Fast and Furious 9 has also done well over the weekend. The film has earned Rs 8.45 crore in three days at the box office. These earnings figures have come when this movie was released in India after 3 months.
Bollywood actor Akshay Kumar’s movie ‘Bell Bottom’ has so far grossed 27.75 million rupees.
An interesting thing to note here is that while the movie ‘Shang Chi and the Legend of the Ten Rings’ was only liked in metropolitan cities, the movie Fast and Furious 9 got ratings of level 2 and 3 cities like Patna, Bareilly , Meerut and Jaipur. The cities have also behaved well. At the same time, the condition of the movie Bell Bottom has improved on the third weekend.
By the way, the increase in box office takings from these movies is also a positive sign that audiences are leaving their homes to watch movies on the big screen, which were not coming due to Corona and the lockdown. Footprint figures for the three films have also revealed that around 1.2 million people have seen at least one movie on the big screen this weekend. Although, seeing the bad luck of many previous films, most of the filmmakers have postponed the release of their films, but Akshay Kumar took a risk and got his movie Bell Bottom to open in theaters. In the first week, he was also disappointed, but as of the second week, the film grossed a little over 27.75 million rupees. The total collection of the film can exceed 30 million rupees.
What will happen to the movie Thalaivi by Kangana Ranaut?
Following the release of the film Bell Bottom in August, Kangana Ranaut’s film Thalaivi is set for a release on the 10th of this month. It will be released at the Pan India level in Hindi, Tamil and Telugu languages. a. The film, directed by L Vijay, was scheduled to release on June 26, but could not be filmed for 7 months due to closure. Because of this, the release date had to be extended. Looking at the box office collection of all three films, including Bell Bottom, there are signs of relief for Kangana that her film’s earnings could be better. Anyway, this film has to be released on a large scale also in the South. Good earnings are expected from there, because during the Corona period, the South audience has seen a lot of movies there.
There is still suspense about the release of these great movies.
Right now in Bollywood, some actors like Akshay Kumar and Kangana Ranaut are daringly releasing their movies, but due to Corona, the release date of many great movies has been continually extended. Out of fear, the release date of many films has not even been announced. These include ‘Hathi Mere Saathi’, ‘Bunty Aur Babli 2’, Alia Bhatt and Ranveer Kapoor starring ‘Brahmastra’, Ajay Devgan’s film ‘Maidan’, Aamir Khan’s film ‘Lal Singh Chaddha’, Sanjay’s film Leela Bhansali ‘Release dates for’ Gangubai Kathiawadi ‘and Shahir Kapoor’s film’ Jersey ‘have not been announced. Films like ‘Sooryavanshi’, 83, ‘Bunty Aur Babli 2’ and ‘Brahmastra’ are ready, but will not be released. The KGF launch date has been made in April next year.
Loss of millions of rupees due to postponement of the film’s release.
In our eyes, postponing the release date of the movies is just a change of dates, but it is a big decision for the filmmakers. Every day after a movie is made is important to its makers. Most people know that a large part of their budget and the cost of making a movie is borrowed from banks. Manufacturers have to pay interest on this bank loan. In such a situation, if a movie’s release date is continually postponed, the producers must bear the biggest loss. For example, let’s talk about the films ‘Sooryavanshi’ and ’83’, both films are ready for release. Its cost is 200 million rupees. The makers of both films have so far paid more than Rs 40 million in interest at a rate of two percent.
Loss of Rs 10 Billion for Film Industry
Bollywood had released a total of 1833 films in 2019. In 2020, only 441 films were released. Revenue from movie theaters is down 80 percent. In a recent FICCI report, it has been said that total revenue from the entertainment sector has decreased by 24 percent. Speaking of the entire period of lockdown, the film industry has suffered a loss of around 10 billion rupees. According to a media report, the film industry gets a turnover of between 5 and 6 billion rupees every year from the box office. Between 8 and 9 billion rupees are received from satellite and OTT rights. The music industry has a stake of around 3 to 4 billion rupees in this. Due to the release of the film on OTT, all earnings options are limited.