Movie News

Coronavirus Row: Indian exhibition industry loses Rs 10,000 Cr

2020-10-15 07:46:19 :

With the arrival of coronavirus, the film theatres are shut like by no means earlier than within the historical past. After nearly seven months, the theatres throughout the nation are resuming operations partially. With the theatres shut, a number of distinguished movies are launched over digital platforms and there’s no sufficient content material to display screen in theatres now. The exhibition industry misplaced a whopping quantity of Rs 10,000 crores in these seven months. That is an irreplaceable loss for them.

A number of each day wage employees who relied on theatres and meals courts misplaced their jobs. The exhibitors are in monetary stress and so they must face additional losses until the coronavirus pandemic calms down. The 50% occupancy system is not going to fetch any income for the multiplexes or the film homeowners. It is just after the arrival of the vaccine for coronavirus, the conditions will return again to normalcy. Tollywood producers and distributors are assured that the viewers will begin speeding to theatres from Sankranthi 2021. In Telugu states, the multiplexes and single screens could resume operations from November and never from as we speak.

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