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.
Bu hikaye Mint Ahmedabad dergisinin December 27, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Mint Ahmedabad dergisinin December 27, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Data rules draft: focus on minors, national security
A draft of rules for India's data protection law has proposed that parents mandatorily identify themselves before their children can join certain online platforms.
Cold wave in North India to boost wheat, mustard crops
The drop in temperature does not bode well for crops like chickpea and potatoes in the plains
States' Q4 borrowing to rise 18% after Q2 growth slump
Capex boost likely as West Bengal, Maharashtra, Karnataka lead ₹4.73 tn borrowing plan
Existing EV subsidies to stay, no new incentives
Commerce minister Piyush Goyal said on Friday existing subsidies for the electric vehicle (EV) ecosystem will continue for some time, citing broad consensus among the government, auto OEMs, and battery swapping companies that no new incentives or subsidies are required at this stage.
Govt cuts gas allocation for LPG, diverts to city retailers
The government has slashed allocation of natural gas used for liquefied petroleum gas (LPG) production, and diverted the low-priced fuel to city gas retailers like Indraprastha Gas Ltd and Adani-Total Gas Ltd to meet part of their requirement for compressed natural gas (CNG)/piped cooking gas supplies, said an official order.
Rupee closes at new record low vs dollar
Reports of the central bank selling US dollars supported the rupee at lower levels, traders said
India's market cap share globally dips from record highs
Cooling off
PNG, CNG consumers to get uniform insurance cover
Although CNG users report more accidents, instances of pipeline leaks at PNG households were reported
Pharma teachers faking profiles to be blacklisted
Pharmacy Council of India identified 45,355 cases of duplicate profiles on Digi-Pharmed portal using same Aadhar and PAN
PM E-Drive e-bus subsidy to be rolled out from March
Govt to initiate bidding process after working out demand via state, city transport utilities