Rs 1300 crore loss expected at Bollywood box office due to coronavirus lockdown

With the coronavirus cases increasing rapidly, the world is fearing a global recession. India’s Hindi entertainment industry — one of the biggest in the world is expected to face a huge loss of an estimated Rs 1300 cr. According to the report in Hindustan Times, the film business will suffer massively as the 12 big films which were supposed to release in March-April are postponed.  Based on factors like the number of shows and screens, the actors starring in the film, the previous work of the directors, the release period, and even consumer sentiment with the film, HT reports that many trade analysts believe that Rs 1300 crore is just the estimated number and can rise as well. The publication quoted Trade Analyst Atul Mohan saying, “In the last two years, the industry made around Rs 850-900 crore in net collections in the quarter April to June. We’re definitely losing that amount.”

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