With ₹700 crore loss in 2024 and star salaries taking up 50% movie budget, why future looks bleak for Malayalam cinema
1 year ago

With ₹700 crore loss in 2024 and star salaries taking up 50% movie budget, why future looks bleak for Malayalam cinema

Hindustan Times  

While the Malayalam film industry is hailed for its authentic stories, excellent storytelling and stellar performances, it now seems to be facing some severe turbulence. As reported earlier, the Kerala Film Producers’ Association had stated that the Malayalam industry incurred losses of ₹650-700 crore in 2024. Old-time Malayalam producers are asking why they should work with stars but like in the Tamil film industry, there are 1000s of Shankars waiting to get a star’s dates.” Trade analyst Ramesh Bala also agrees with this, adding, “Historically, Malayalam movies were made on a shoestring budget. So, producers are now trying to control these spiralling costs.” OTT and satellite rights issue When the Covid pandemic hit the world, the Indian film industry, while facing severe losses, made significant strides on OTT with many films sold for whopping amounts. Since then though OTT platforms have changed their content buying criteria and terms and this has caused an impact on the Indian film industry, including Malayalam cinema.

Film Loss Malayalam Industry Cinema Stars Telugu Indian Films Malayalam Cinema Tamil Star Suresh Kumar Ott Producer Producers Suresh Kumar Ott Platforms Mollywood Small Films G Suresh Kumar  salaries  malayalam  tamil  producers  star  crore  ott  loss  suresh  stars  taking  future  industry  producer  film  movie  looks  cinema  films

History of this topic

Kunchacko Boban challenges box office figures released by producers association: ‘Neither accurate nor transparent’
2 days, 9 hours ago

Kunchacko Boban challenges box office figures released by producers association: ‘Neither accurate nor transparent’

Hindustan Times  

The Kerala Film Producers’ Association recently released a report claiming that only one Malayalam film out of 17 released in February made decent money. And while that film was Kunchacko Boban’s Officer on Duty, the actor told OnManorama that the association’s figures were ‘neither accurate nor transparent’. Kunchacko told the publication that KFPA’s claim that Officer on Duty was made …

Discordant voices within Malayalam film industry over producers’ association publishing partial collection figures
1 week ago

Discordant voices within Malayalam film industry over producers’ association publishing partial collection figures

The Hindu  

The Kerala Film Producers’ Association ‘s act of publishing the box-office collection figures appears to not have gone down well with many from within the industry. Filmmakers and producers whom The Hindu spoke to pointed at the “unfairness” of putting out partial collection figures as the association has published just the producers’ share from Kerala theatres after excluding the overseas …

Malayalam film industry registers ₹52 cr loss in February with only Officer on Duty minting money; a film made only ₹10k
Trending News
1 week ago

Malayalam film industry registers ₹52 cr loss in February with only Officer on Duty minting money; a film made only ₹10k

Hindustan Times  

The Kerala Film Producers’ Association has been sounding alarm bells for a while now. As further proof, they released a report on how out of 17 Malayalam films, only one film was a hit while the biggest flop collected only ₹10,000, according to The Hindu. Malayalam films face ₹ 52 crore loss The KFPA also released exact numbers for how …

Malayalam film producers up in arms against steep star fees, call indefinite strike from 1 June
1 month, 1 week ago

Malayalam film producers up in arms against steep star fees, call indefinite strike from 1 June

Live Mint  

The Malayalam film industry had one of its best years in 2024, with gross box-office collection more than doubling to ₹1,165 crore from a year prior, but all's not well within the fraternity. The Kerala Film Producers Association has announced an indefinite strike starting 1 June in protest against exorbitant star fee that they say is making movie production unviable. …

Start, Action, Cut: Tragedy unfolds as Malayalam film industry, in deep financial crisis, bicker in public
1 month, 1 week ago

Start, Action, Cut: Tragedy unfolds as Malayalam film industry, in deep financial crisis, bicker in public

New Indian Express  

With a slew of flops on the box office and no takers for many films on OTT platforms, the Malayalam film industry is staring at a huge crisis. Antony Perumbavoor of Ashirwad Films, a major producer in Malayalam film industry, rebuffed Suresh Kumar's claims in a Facebook post saying the decision to go for a strike was announced without proper …

Malayalam film producers warn shutdown of shoots and screenings from June 1 over financial losses
1 month, 2 weeks ago

Malayalam film producers warn shutdown of shoots and screenings from June 1 over financial losses

Hindustan Times  

2024 seemed like a good year for the Malayalam film industry, with hits like Manjummel Boys, Premalu, Aavesham, The Goat Life and Marco. Producers warn of industry shutdown A NewsMinute report states that film producer G Suresh Kumar announced the decision on Thursday after a meeting with producer associations, exhibitors, distributors, and the Film Employees Federation of Kerala. Malayalam film …

Malayalam film industry calls for shutdown, but will it resolve the real issue?
1 month, 2 weeks ago

Malayalam film industry calls for shutdown, but will it resolve the real issue?

New Indian Express  

For every Rs 100 crore a film grosses, Rs 30 crore is siphoned off to the government, leaving producers with just Rs 27 crore, a situation many say is untenable for the future of Malayalam cinema. The industry's dependence on OTT platforms as an alternative distribution method has also been problematic, as these platforms are primarily interested in films that …

Kerala Budget 2025: centre in memory of MT among new cultural projects
1 month, 2 weeks ago

Kerala Budget 2025: centre in memory of MT among new cultural projects

The Hindu  

An MT study centre, in memory of writer M.T. An amount of ₹6 crore is earmarked for the conservation activities of various structures having archaeological value, while an amount of ₹10 crore has been set aside for the protection of ancient buildings in the State and ₹5 crore for the conservation of old Buddhist centres at Mavelikkara and Thakazhi. An …

Malayalam film industry to go on strike from June 1 onwards
1 month, 3 weeks ago

Malayalam film industry to go on strike from June 1 onwards

The Hindu  

A joint meeting of the film bodies in the Malayalam film industry on Thursday decided to go on a strike from June 1 onwards demanding an end to the double taxation on movie tickets and a salary cut by the actors in view of the rising cost of film production. The meeting was attended by the representatives of Kerala Film …

Kerala Film Producers’ Association suggests pay cut for actors in view of rising cost
1 month, 3 weeks ago

Kerala Film Producers’ Association suggests pay cut for actors in view of rising cost

The Hindu  

The Kerala Film Producers’ Association has urged actors to cut down their salary in view of the rising production cost and declining pre-release business returns. B. Rakesh, secretary of the KFPA, said on Friday that the remuneration of actors accounted for an average 50% of the total production cost. With rising production cost and poor returns, we have no other …

With ₹1000-crore loss and 223 flops, 2024 spelled one of the worst years for Tamil cinema
1 month, 3 weeks ago

With ₹1000-crore loss and 223 flops, 2024 spelled one of the worst years for Tamil cinema

Hindustan Times  

Though Tamil cinema celebrated the success of several movies in 2024 like Amaran, Maharaja and Garudan, the year was, in fact, one of the most disappointing ones for the Tamil film industry. Dominos fall One of the major factors attributed to the ₹1000 crore loss by producers is the fact that numerous big budget films - with stars like Suriya, …

Star remuneration soars in regional cinema, producers face heavy losses
2 months, 1 week ago

Star remuneration soars in regional cinema, producers face heavy losses

Live Mint  

Bollywood has long been known for exorbitant star salaries, but trade experts say even smaller regional industries, such as Malayalam, Bengali, Marathi, and Punjabi, are facing challenges with star remuneration rising three to five times in the last four years. Moreover, streaming platforms prioritize titles featuring specific faces, allowing actors to demand inflated fees that eat into producers’ returns, even …

Indian cinema sees 3% decline in business in 2024; Hindi films' share decreases, Hollywood movies suffer worst
2 months, 2 weeks ago

Indian cinema sees 3% decline in business in 2024; Hindi films' share decreases, Hollywood movies suffer worst

Hindustan Times  

Box office report card On Monday, Ormax Media released the Box Office Report: 2024. It stated that the Indian box office grossed ₹11,833 crore in 2024, becoming the second-best year of all time at the Indian box office, trailing behind the collections of 2023. Despite a marginal 3% decline compared to the previous year, 2024 still stands as the second-highest-grossing …

Indian cinema sees 3% decline in business in 2024; Hindi films' share decreases, Hollywood movies suffer worst
2 months, 2 weeks ago

Indian cinema sees 3% decline in business in 2024; Hindi films' share decreases, Hollywood movies suffer worst

Hindustan Times  

Box office report card On Monday, Ormax Media released the Box Office Report: 2024. It stated that the Indian box office grossed ₹11,833 crore in 2024, becoming the second-best year of all time at the Indian box office, trailing behind the collections of 2023. Despite a marginal 3% decline compared to the previous year, 2024 still stands as the second-highest-grossing …

India's most profitable film of 2024 earned 45x its budget, ₹3 crore movie with no stars beat Pushpa 2, Kalki, Stree 2
2 months, 3 weeks ago

India's most profitable film of 2024 earned 45x its budget, ₹3 crore movie with no stars beat Pushpa 2, Kalki, Stree 2

Hindustan Times  

2024 was a blockbuster year for Indian cinema. One could argue that these three films - Pushpa 2: The Rule, Kalki 2898 AD, and Stree 2 - were the biggest box office hits of the year. However, if one talks about the most profitable Indian film - that crown went to a ₹3 crore film with no big stars. India's …

2024 Hindi box office report card: Small budgets, big applause; re-releases rule
2 months, 3 weeks ago

2024 Hindi box office report card: Small budgets, big applause; re-releases rule

Hindustan Times  

If 2023 was a blockbuster year, 2024 has been a semi-hit, the trade circle unanimously agrees. Ever since the Covid pandemic hit the world, film business was struggling to get back on it’s feet, and last year was that breakthrough with multiple blockbusters. The year of small to mid-budget films A major conversation point throughout the year has been rising …

Malayalam film industry suffered at least ₹650 crore loss in 2024, producers say
2 months, 3 weeks ago

Malayalam film industry suffered at least ₹650 crore loss in 2024, producers say

Hindustan Times  

Thiruvananthapuram, Though Mollywood has produced a few blockbusters that received a pan-Indian release and reaped huge profit in 2024, only 26 of the 204 films released in the year got a rewarding collection, as per the figures released by the Kerala Film Producers Association. Malayalam film industry suffered at least ₹ 650 crore loss in 2024, producers say “Of the …

Malayalam film industry suffers mammoth loss of ₹650 crore to ₹700 crore in 2024, says KFPA
2 months, 3 weeks ago

Malayalam film industry suffers mammoth loss of ₹650 crore to ₹700 crore in 2024, says KFPA

The Hindu  

Notwithstanding the critical acclaim it continues to garner from across the country and the world for its films and filmmakers, the Malayalam film industry suffered a mammoth loss of ₹650 crore to ₹700 crore during 2024, says the Kerala Film Producers’ Association. While the total investment was in the region of ₹1,000 crore, these 26 films alone managed to collectively …

Bollywood 2024: When Hindi cinema failed to deliver at box office and Telugu pan-Indian films ruled
Trending News
2 months, 3 weeks ago

Bollywood 2024: When Hindi cinema failed to deliver at box office and Telugu pan-Indian films ruled

Hindustan Times  

New Delhi, With its formulaic stories and action dramas biting the dust at the box office, the dream factory of Bollywood failed to deliver on the expectations of the audiences who turned to Telugu blockbusters like "Pushpa 2" and "Kalki 2898 AD" for larger-than-life stories. Bollywood 2024: When Hindi cinema failed to deliver at box office and Telugu pan-Indian films …

Guess the budget of Tamil star Dhanush's costliest film?
3 months, 3 weeks ago

Guess the budget of Tamil star Dhanush's costliest film?

Deccan Chronicle  

Undoubtedly, the much-hyped film ‘Kubera’ is turning out to be the costliest in the Tamil star Dhanush’s career and Sekhar Kammula’s directorial has been going overboard and it has already crossed the magic Rs 100 crore mark. “The budget has shot up drastically due to big casting, and production values besides shooting at varied locales and it is bound to …

Bollywood's half-yearly report card for 2024 is here
8 months, 3 weeks ago

Bollywood's half-yearly report card for 2024 is here

India Today  

The pictures keep changing, not only at the theatres, but in the industry too. If 2022 was a year of complete stagnation for the Hindi film industry, sparking the infamous South vs Bollywood debate, 2023 revived it with films like ‘Pathaan’, ‘Jawan’, ‘Gadar 2’ and ‘Animal’. But sleeper hits such as ‘Laapataa Ladies’, ‘Munjya’ are acting as fillers until the …

What helped Malayalam cinema scale heights of commercial success and creativity during the last six months
9 months, 2 weeks ago

What helped Malayalam cinema scale heights of commercial success and creativity during the last six months

The Hindu  

Going by the first six months of 2024, it could be the year of Malayalam cinema, which is on a never-before-high, in terms of commercial success and content. Wider acceptance Rakesh Bahuleyan, secretary of the Kerala Film Producers Association, agrees that the six months have been a golden period generating ₹1,000 crore revenue. Film critic Sowmya Rajendran says the niche …

Anurag Kashyap says Bollywood wants to earn ₹500-800 crore, not make films: 'Everyone is imitating pan-India films'
9 months, 3 weeks ago

Anurag Kashyap says Bollywood wants to earn ₹500-800 crore, not make films: 'Everyone is imitating pan-India films'

Hindustan Times  

Anurag Kashyap always gives his unabashed opinions on changing trends in storytelling and the challenges faced by filmmakers and artists. In a recent interview with Humans of Cinema, he reflected on the creative crisis in Hindi film industry since everyone wants to earn ₹500-800 crore. Anurag Kashyap feels success affects creativity The filmmaker pointed out how commercial success impacts creativity …

Bollywood’s increasing production cost: Matter reaches IMPPA; Producers Guild steps in along with big talent agencies
9 months, 3 weeks ago

Bollywood’s increasing production cost: Matter reaches IMPPA; Producers Guild steps in along with big talent agencies

Hindustan Times  

Over the last few days, Indian filmmakers including Farah Khan, Kunal Kohli and actor-turned-producer Kriti Sanon, have expressed their views about the rising problem of extravagant cost, which go into a film’s production. We have leant from the sources close to the development that the meeting was held between four film bodies — Indian Motions Picture Producers’ Association, Producers Guild …

Explained: The delay behind star-driven Kannada films
11 months ago

Explained: The delay behind star-driven Kannada films

The Hindu  

Kannada film buffs and theatre owners in prime centres of Karnataka have often complained about the lack of frequent releases of big-star movies. The film’s estimated budget is Rs 100 crore, and Arjun says the high-end CG work is causing the delay. Ground realities Depending on star films alone isn’t a good sign for the industry, says Tharun Sudhir, director …

Family Star box office collection day 3: Vijay Deverakonda, Mrunal Thakur film earns over ₹12 crore in India
11 months, 2 weeks ago

Family Star box office collection day 3: Vijay Deverakonda, Mrunal Thakur film earns over ₹12 crore in India

Hindustan Times  

Family Star box office collection day 3: The film starring Vijay Deverakonda and Mrunal Thakur has been performing decently in India. Family Star: Mrunal Thakur and Vijay Deverakonda in a still from the film. How is Family Star doing at India's box office The film earned ₹5.75 crore on day one and ₹3.45 crore on day two. @CyberCrimeshyd #TheFamilyStar.” Family …

Regional films lag even as Hindi box office soars
1 year ago

Regional films lag even as Hindi box office soars

Live Mint  

Smaller regional language industries such as Malayalam, Kannada, Marathi, Bengali and Gujarati saw a dip in footfalls and revenue in 2023 despite ticket prices not rising, according to media consulting firm Ormax. According to the Ormax Box Office Report 2023, gross box office collections for Kannada films shrank a staggering 61%, while those of Malayalam, Marathi, Bengali and Gujarati cinema …

Malayalam film industry: Other language movies fared better in cinemas in 2023
1 year, 3 months ago

Malayalam film industry: Other language movies fared better in cinemas in 2023

The Hindu  

Movies in other languages helped the cinemas in Kerala stay afloat in 2023, according to estimates by the Film Exhibitors United Organisation of Kerala. While only 12 Malayalam movies, released since January, made a mark at the box-office, nearly 15% of the around 130 other language movies screened in cinemas had set the cash registers ringing, it said. The data …

Chandramukhi 2 box office: Kangana Ranaut film earns over ₹24 crore in India
1 year, 5 months ago

Chandramukhi 2 box office: Kangana Ranaut film earns over ₹24 crore in India

Hindustan Times  

Chandramukhi 2 box office collection day 4: The film, helmed by P Vasu, has been doing decently at the domestic box office. Chandramukhi 2 stars Kangana Ranaut and Raghava Lawrence in the lead roles. Chandramukhi 2 box office collection As per the report, Chandramukhi 2 earned ₹8.25 crore on day one, ₹4.35 crore on day two, ₹ 5.05 crore on …

Tollywood Filmmakers Losing Sleep Over OTT Giants' Latest Decision?
1 year, 6 months ago

Tollywood Filmmakers Losing Sleep Over OTT Giants' Latest Decision?

Deccan Chronicle  

With international digital brands like Netflix and Amazon Prime reportedly planning to cut down on the intake of Telugu movies, Tollywood makers are having sleepless nights. The two big OTT giants together earmark Rs 250 to 300 crores per year for procuring content from Tollywood. So if top digital platforms cut down their intake then it would be tough for …

Malayalam movie industry now faces a box office slump
1 year, 6 months ago

Malayalam movie industry now faces a box office slump

Live Mint  

New Delhi: The stream of hit Malayalam movies of the last few years has thinned to a trickle, with barely three movies seeing box office success this year. Unlike during the peak of the pandemic, streaming platforms also appear less inclined to spend freely to acquire Malayalam films, especially since there is no guarantee they will fetch viewers. It is …

The Kerala Story collects ₹178 cr, aims to cross ₹200 crore now
1 year, 10 months ago

The Kerala Story collects ₹178 cr, aims to cross ₹200 crore now

Hindustan Times  

The Kerala Story is running in its third week, but continues to hold its ground at the ticket counters. The film has made ₹178 crore at the box office and is now aiming for the ₹200 crore mark. Directed by Sudipto Sen and produced by Vipul Shah, The Kerala Story stars Adah Sharma, Sonia Balani, Yogita Bihani and Siddhi Idnani …

The Kerala Story box office: Adah Sharma starrer set to enter the Rs 200 crore club
1 year, 10 months ago

The Kerala Story box office: Adah Sharma starrer set to enter the Rs 200 crore club

Firstpost  

Director Sudipto Sen’s The Kerala Story has turned out to be an all-time blockbuster at the box office. With the phenomenal trending at the box office, The Kerala Story is expected to hit double century by the end of its third weekend or maximum by Monday. A small step from our side, #TheKeralaStory team donates 51 Lakh to Aarsha Vidya …

The Kerala Story emerges second highest grosser after Shah Rukh Khan's Pathaan at the box office
1 year, 10 months ago

The Kerala Story emerges second highest grosser after Shah Rukh Khan's Pathaan at the box office

Firstpost  

Director Sudipto Sen’s The Kerala Story has emerged the second-highest Bollywood grosser of 2023 in 12 days flat at the box office. But naye dost ko sab videos show… pic.twitter.com/WD4fON0k9D — Adah Sharma May 17, 2023 The first position is held by Shah Rukh Khan’s Pathaan with an insane collection of Rs 543.05 crore, which makes the mass entertainer highest …

Not a rosy picture on the silver screen in Kerala
1 year, 10 months ago

Not a rosy picture on the silver screen in Kerala

The Hindu  

When actor Tini Tom dropped the bombshell over the use of drugs in the Malayalam film industry, he was literally letting the genie out of the bottle. A hushed up subject in the industry circles is now out in the open with the Kerala Film Chamber of Commerce and Industry, the apex body of trade organisations in Malayalam film industry, …

The Kerala Story ‘tax-free’ in these states. How cheap are the tickets now
1 year, 10 months ago

The Kerala Story ‘tax-free’ in these states. How cheap are the tickets now

Live Mint  

The Kerala Story has been declared as ‘tax-free’ in Uttar Pradesh and Madhya Pradesh. On Monday, Uttar Pradesh Chief Minister Yogi Adityanath took to Twitter to announce that the controversial movie will be declared as ‘tax-free’ in the state. A similar announcement was made by Madhya Pradesh chief minister Shivraj Singh Chouhan last week who said, “the film should be …

Why are Malayalam films struggling to attract theatrical audiences?
2 years, 1 month ago

Why are Malayalam films struggling to attract theatrical audiences?

The Hindu  

Movie buffs who religiously head to theatres in Kerala on Fridays are now getting used to a disappointing sight when the movie they are intending to watch is not a big release. However, anyone who has seen 12 Angry Men, The Man from Earth or even Mahesh Narayanan’s recent C U Soon would not doubt the potency of a film …

More than 90% of Malayalam movies released in 2022 flopped
2 years, 2 months ago

More than 90% of Malayalam movies released in 2022 flopped

The Hindu  

The Malayalam film industry is expected to have suffered average losses to the tune of over ₹300 crore in 2022, according to estimates by the Kerala Film Producers’ Association. The number of movies that earned an average above ₹10 crore share for the producers from theatre collections was less than 10 in 2022, it said. 2022 Malayalam releases that earned …

Multiplexes see up to 60% revenue share from southern films
2 years, 4 months ago

Multiplexes see up to 60% revenue share from southern films

Live Mint  

Top multiplex chains such as PVR, Inox and Cinepolis expect the share of southern language films to rise to 55-60% this year from 40-45% prior to the pandemic, said trade experts. Dubbed versions of popular southern language films could add ₹300-400 crore to annual Hindi box office collections, the experts said. Surprisingly, other than big franchises like KGF and RRR, …

Small Indian cinemas take on big Hollywood studios
2 years, 5 months ago

Small Indian cinemas take on big Hollywood studios

Live Mint  

With big films such as Avatar: The Way of Water and Black Adam releasing in the coming months, small theatre owners are increasingly finding their clientele, usually in small towns and cities, unable to afford the ticket prices that the big studios are demanding. Hollywood studios insist on higher ticket prices, minimum guarantees and virtual print fees that price out …

Festive box office revives faith in theatres
3 years, 4 months ago

Festive box office revives faith in theatres

Live Mint  

The impressive box office collections of big-ticket Diwali releases such as Sooryavanshi and Annaatthe have revived the confidence of filmmakers in theatres and though the recovery may seem slow, fewer films will go directly to digital platforms, said film trade analysts. Upcoming titles such as Ayushmann Khurrana’s Chandigarh Kare Aashiqui and Karan Johar’s Govinda Mera Naam have already sold rights …

Bollywood stars return to India’s big screens after over a year
3 years, 4 months ago

Bollywood stars return to India’s big screens after over a year

Al Jazeera  

Police drama kicks off a slate of holiday season blockbusters as India’s COVID-battered cinemas try to bring audiences back. Bollywood stars are returning to India’s big screens after more than a year, with the film industry hoping that declining COVID-19 cases and the festival season will bring audiences back to the cinemas. Sooryavanshi, a police drama with four of India’s …

Tollywood divided on seeking Andhra Pradesh government help
3 years, 6 months ago

Tollywood divided on seeking Andhra Pradesh government help

Deccan Chronicle  

VIJAYAWADA: Indifference of certain Tollywood bigwigs in seeking favours from the Andhra Pradesh government seems to have hit smaller producers and exhibitors in Telugu film industry hard, especially in the aftermath of Covid-19 pandemic. With top actors, directors and producers led by K. Chiranjeevi shying away from seeking relaxations from the Andhra Pradesh government, exhibitors and producers in the state …

Tamil Nadu producers request Finance Ministry to revoke TDS hike on films citing heavy losses due to COVID-19
3 years, 9 months ago

Tamil Nadu producers request Finance Ministry to revoke TDS hike on films citing heavy losses due to COVID-19

Firstpost  

Tamil Film Active Producers’ Association says the imposition of 10 percent TDS on the distribution of cinematographic films has come a ‘‘big shock’’ and would impact lakhs of people associated with the film industry. According to the Tamil Film Active Producers’ Association, the imposition of 10 per cent TDS on distribution of cinematographic films, has come a ‘‘big shock’’ and …

Tamil film industry braces for ₹500 crore loss this summer
4 years, 11 months ago

Tamil film industry braces for ₹500 crore loss this summer

Live Mint  

NEW DELHI: The Tamil film industry is staring at a loss of ₹500 crore this summer as a result of four blockbusters being postponed due to the covid-19 lockdown. With the release of superstar Vijay’s action thriller Master, Surya’s Soorarai Pottru, Dhanush’s Jagame Thandiram and Jayaram Ravi’s Bhoomi deferred, the Tamil movie industry or Kollywood as it is more popularly …

Budget 2019: FICCI recommends incentives, lower tax rates for movie theatres
5 years, 8 months ago

Budget 2019: FICCI recommends incentives, lower tax rates for movie theatres

India Today  

The Film Exhibition Industry of the country needs tax incentives in the form of a tax holiday period, lower tax rates and subsidies among others to achieve its potential and for its higher penetration into the Tier-II and Tier-III cities, according to the Federation of Indian Chambers of Commerce and Industry. "Tax incentives in the form of tax holiday period, …

Visit to the cinemas may get dearer
5 years, 11 months ago

Visit to the cinemas may get dearer

New Indian Express  

Only 10 per cent of entertainment tax is being levied, compared to the previous 36 per cent. However, we have approached the High Court to stay the move to collect entertainment tax. We are hopeful that we will receive a positive response soon," said director B Unnikrishnan and general secretary of Film Employees Federation of Kerala. G Suresh Kumar, president, …

Movie tickets are not getting cheaper despite GST reduction
6 years, 1 month ago

Movie tickets are not getting cheaper despite GST reduction

Live Mint  

New Delhi: During its opening weekend beginning January 25, tickets of Kangana Ranaut-starrer Manikarnika: The Queen of Jhansi were available for as much as Rs. For a film like Shah Rukh Khan’s Zero that was released prior to the GST reduction, rates also ranged around ₹425 in the capital. Both PVR Cinemas and Cinepolis India sold Manikarnika tickets for ₹300-480 …

Bollywood earnings swell on content-driven money-spinners, big-ticket hits
6 years, 2 months ago

Bollywood earnings swell on content-driven money-spinners, big-ticket hits

Live Mint  

New Delhi: The Hindi film industry is set to end 2018 with a 15-20% increase in business over the previous year. Trade website Box Office India pegs the gross earnings of 2015, 2016 and 2017 at ₹ 3,780 crore, ₹ 3,808 crore and ₹ 4,096 crore. Film distributor and exhibitor Akshaye Rathi said 2017 had been shocking for film business …

Discover Related