Within the absence of latest content material choices, from Bollywood specifically, roughly 1,500 to 2,000 theatre screens throughout India may very well be closed completely over the following few weeks.
The predicament is more likely to proceed as Bollywood will not be eager to launch any new films till folks begin to step out and return to cinema halls.
A number of commerce consultants have additionally mentioned that single screens, owned independently, should not hopeful of continuous the enterprise. It is because the highest actors, administrators, and producers, who owe a lot of their fame to small-towns, have taken over their films on to video streaming platforms over the previous few months.
Additionally Learn: Coronavirus lockdown: Curbs on cinema halls, pools, events lifted in Goa
Moreover, the vast majority of folks in city areas and metro cities have been cautious of getting out of their houses within the wake of rising coronavirus circumstances throughout the nation.
With issues beginning to take a flip for the more serious, 5 single-screen theatres had been completely shut down in Hyderabad final week. Round 45% of India’s film screens determined to not reopen even after the federal government permission got here in early October, the Mint reported earlier. The reason is the dearth of latest and contemporary content material coupled with piling prices on disinfecting and sanitisation within the theatres.
In the meantime, two massive Bollywood movies, which can be prepared for launch – Akshay Kumar’s sports activities drama ’83 and Sooryavanshi, have each been slated to be out within the first half of 2021 for now.
“Movie-makers do not realise there’ll hardly be any cinema left till then to play their movies, so that they will be unable to reap any end result on these massive titles that they are holding again,” Bihar-based exhibitor Vishek Chauhan advised the publication.
He added that solely 45 out of the 200 cinema halls in Bihar have resumed operations for the reason that authorities’s permission got here in, however a number of of them are holding again, mulling shutting store completely.
Round 5 corporations have already folded up and offered their properties, the information report added. In line with the Ficci-EY media and leisure trade report 2020, India has a complete of 9,527 film screens, as of 2019, comprising 6,327 single screens and three,200 multiplexes.