Bollywood couldn't have been more conspicuous by its absence in movie theatres this year, with nearly the full April-June quarter going by without any big releases. The industry was hit hard by the Lok Sabha elections and IPL (Indian Premier League) between April and May, and just a handful of titles attracted audiences to the theatres.
Trade experts estimate Hindi film revenue in 2024 to be at least 30-40% lower than in 2023, and the overall Indian movie box office, across languages, likely flat or 10-15% lower this year. Last year, the movie industry earned ₹12,000 crore in earnings, according to consulting firm Ormax.
There is more bad news for Bollywood: at ₹72 crore, the Hindi-dubbed version of Telugu action film Pushpa 2: The Rule has made for the second highest opening day ever in the Hindi-speaking belt, beating many original Hindi language films. In terms of total collections, it has beaten all original Hindi language hits, and is now the highest grosser in the Bollywood market.
The only Bollywood titles to have made a mark this year are horror comedy Stree 2 (₹627.02 crore), Bhool Bhulaiyaa 3 (₹278.42 crore) and Singham Again (₹268.35 crore). The numbers have been sourced from Bollywood Hungama.
On the other hand, success stories in the Tamil and Malayalam industries are quite a few-Amaran (Tamil, ₹216 crore), Manjummel Boys (Malayalam, ₹153 crore), Vettaiyan (Tamil, ₹143 crore), Aavesham (Malayalam, ₹97 crore), Premalu (Malayalam, ₹75 crore), and Maharaja (Tamil, ₹72 crore).
"The box office is currently tracking similar to or slightly lower than last year's numbers," said Sanjeev Kumar Bijli, executive director, PVR Inox Ltd.
Diese Geschichte stammt aus der December 27, 2024-Ausgabe von Mint Ahmedabad.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 27, 2024-Ausgabe von Mint Ahmedabad.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Adecco Announces Expansion of GCC
Adecco India, a subsidiary of the global Fortune 500 company Adecco Group, has announced the expansion of its global capability centre (GCC) in Bengaluru, with a blueprint to grow its workforce to 2,500-plus by the year end.
High on hype: Is it still the rise of CBD products in India?
CBD products may be everywhere in India, but premium pricing and stigma continue to impact their acceptance
Billionaire wealth grew 3x faster in '24
Billionaire wealth across the globe surged by $2 trillion in 2024 to $15 trillion at a rate three times faster than the previous year, a study showed on Monday.
Re-imagine the National Green Tribunal for superior outcomes
The NGT should be legislatively re-equipped to champion environmental justice while promoting sustainable development
Regional OTTs to bolster original slate
Regional content streaming platforms are looking at 2025 as a time to strengthen their slate even as some bigger, foreign over-the-top or OTT services are slowing down original content production as pressures on margins build.
LTIMindtree's global markets head quits
Chaturvedi's resignation follows that of former chief financial officer Vinit Teredesai in April 2024
Kalyan Jewellers' stock rebounds
Shares of Kalyan Jewellers India Ltd rebounded on Monday after Motilal Oswal Asset Management Co. denied social media speculation linked to its investment in the firm.
Hindenburg Denies SEC Investigation
U.S.-based short-seller Hindenburg Research has said that it is not under investigation by the market regulator US Securities and Exchange Commission (SEC) as it rubbished alleged links of its founder to a hedge fund for preparing reports targeting companies.
India's Credit Guarantee Scheme for Startups Holds High Potential
It provides much needed collateral-free loans at a time when risk capital has been slowing down
Women, skip the bro-split and try the flow-split
Exercise plans aligned to menstrual cycles can be effective for women
