Telugu film industry hit hard by demonetisation, new releases postponed
8 years, 4 months ago

Telugu film industry hit hard by demonetisation, new releases postponed

Hindustan Times  

The demonetisation of high value currency notes has hit the Telugu film industry hard with theatres wearing deserted look and some filmmakers postponing the release of new films. Telugu cinema industry is also hit hard like some other sectors, because middle classes are the main consumers of cinema,” Tammareddi Bharadwaja, a prominent filmmaker and a leading industry voice, said on Wednesday. It may take a month for things to settle down vis-a-vis Telugu film industry, he said. Replying to a query, he said the presence of black money in the Telugu film industry is understood to be less.

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