Bollywood Box office stares to face an estimated Rs 1300 crore loss amidst COVID-19 Lockdown

India’s Hindi entertainment industry — one of the biggest in the world is expected to face a huge loss of an estimated Rs 1300 cr. According to the report in Hindustan Times, the film business will suffer massively as the 12 big films which were supposed to release in March-April are postponed.  Based on factors like the number of shows and screens, the actors starring in the film, the previous work of the directors, the release period, and even consumer sentiment with the film, HT reports that many trade analysts believe that Rs 1300 crore is just the estimated number and can



rise as well. The publication quoted Trade Analyst Atul Mohan saying, “In the last two years, the industry made around Rs 850-900 crore in net collections in the quarter April to June. We’re definitely losing that amount.”

Not just in India, the release of the films has been stalled all around the world. The report states that since the International markets like the UAE, United States of America, United Kingdom, Australia, and Fiji account for approximately 30 to 40% of a film’s overall box office collection, the industry is set to witness a huge loss.