Published: Tuesday, December 29, 2020, 9:35 [IST]
Mumbai, Dec 29: As productions halted, theatres shut their doors and audiences settled down in front of their screens, the Hindi film industry hit pause button in the year that was resulting in revenue losses of maybe thousands of crores and many thousands of workers forced into unemployment.
The coronavirus pandemic scripted a tale of unprecedented challenges for the flourishing industry that came to a screeching halt in 2020. While there are no exact figures, some insiders estimated the losses could be upwards of Rs 1,500 crore to thousands of crores and said single screen theatres would have lost anything between Rs 25 to Rs 75 lakh a month.
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Updated: Tuesday, December 29, 2020, 10:07 [IST]
As
the
country
underwent
one
of
the
hardest
years
it’s
ever
seen
with
the
COVID-19
pandemic,
a
few reel
life’
heroes
stepped
up
to
the
challenge
and
turned real-life’
heroes
this
year.
Not
only
did
these
stars
use
their
voice
and
stardom
but
also
their
resources,
in
alleviating
the
issues
people
from
all
walks
of
life
faced,
during
this
trying
time.
Sonu
Sood:
The
actor
turned
messiah
for
thousands
of
migrant
workers
by
arranging
transport,
accommodation
and
a
helpline
number
to
ensure
their
safe
return
to
their
hometowns.
Sonu
Sood
also
opened
the
doors
of
Synopsis
On a yearly basis, total Hindi films earnings would have been about Rs 3,000 crore but they stand at Rs 500-600 crore only. So bollywood have lost out on making at least Rs 1,700-2,000 crore.
Getty Images
The pandemic is still here so occupancy won t reach 100 per cent in cinema halls, experts say
Mumbai: As productions halted, theatres shut their doors and audiences settled down in front of their screens, the Hindi film industry hit pause button in the year that was resulting in revenue losses of maybe thousands of crores and many thousands of workers forced into unemployment.
The coronavirus pandemic scripted a tale of unprecedented challenges for the flourishing industry that came to a screeching halt in 2020. While there are no exact figures, some insiders estimated the losses could be upwards of Rs 1,500 crore to thousands of crores and said single screen theatres would have lost anything between Rs 25 to Rs 75 lakh a month.
When the silver screen went dark: Bollywood counts its losses in year of COVID-19
It is a dual edged crisis, of creating content and also exhibiting it with many producers either postponing or moving to OTT platforms.
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MUMBAI: As productions halted, theatres shut their doors and audiences settled down in front of their screens, the Hindi film industry hit pause button in the year that was - resulting in revenue losses of maybe thousands of crores and many thousands of workers forced into unemployment.
The coronavirus pandemic scripted a tale of unprecedented challenges for the flourishing industry that came to a screeching halt in 2020.