Bollywood to expect loss of ₹800cr due to Coronavirus

Baaghi 3 movie might lose about ₹25-30cr
Written By Abhivyakti Seshanand | Updated: March 16, 2020 17:14 IST
Bollywood to expect loss of ₹800cr due to Coronavirus

Theatres faced a shutdown all over the country due to the Coronavirus outbreak. Trade analysts gave an estimate of how much loss the Bollywood industry will face.
Delhi in itself ordered a shutdown of theatres till 31 March. This is a good three weeks.
Carnival Cinemas CEO Mohan Umrotkar commented on the business for March in a press statement. “As per the government’s notification, all the cinemas are not functional till 31st March in most of the states and we are expecting that this situation will be under control soon and we will be up and running from 1st April onwards with utmost important feature at Carnival, hygiene and public safety.”
He also said. “It is unfortunate that the business is affected so much, but human life is of most importance. Necessary precautions are a must in these times of crisis.”
Baagi 3 and Angrezi Medium faced a direct hit. Baaghi 3 hit theatres on March 6. It stars Tiger Shroff and Shraddha Kapoor. The film collected ₹90.67 crores in its first week of release.
Trade analyst Komal Nahta told Hindustan Times. “It’s a loss of Rs 25- 30 crore for the makers of Baaghi 3. Theatres shutting down have also impacted the weekend business of Angrezi Medium. The Hindi film industry stands to lose Rs 800 crore owning to delays in releases and shooting schedules.”
Irrfan Khan’s Angrezi Medium collected ₹9.5 crores in three days of release. Trade analyst Taran Adarsh tweeted. “#AngreziMedium Fri ₹ 4.03 cr. #India biz. Note: Biz has been severely affected due to the closure of cinema halls in several states. #CoronaVirus #COVID19.”
The release dates for many films got postponed due to the Coronavirus outbreak. These include Brahmastra, Sooryavanshi, Vicky Kaushal’s Udham Singh biopic, No Time To Die, and Fast and Furious 9.

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