Latest Updates

Hrithik Roshan dons the role of kabaddi player
Remo to act in Rajesh Bachchani’s next
Rao vs Rao in Bareilly Ki Barfi,Newton
Kangana, Tiger Shroff face off on silver screen

Screen Wars

1001337_10151524429438460_1366806060_nArijit Dutta, Owner, Priya Cinemas

The growth in the number of screens is far less than hoped for and this negatively impacts return on investment (ROI). The ratio of screen-to-people is much higher in countries like the US and China, where ticket prices favour cinema owners. This is not the case in India.

First, land costs are very high, which doesn’t allow us to cover our costs. In a city like Kolkata, if a ticket costs Rs.200 or Rs.250, it is a deterrent unless it is a big film. So the ROI is impacted.

Also, each state has different tax policies, which affects the entertainment industry directly. Starting with land costs, labour costs, equipment costs and tax reforms, an exhibitor has to figure out the investments in each state and usually returns are not up to the mark.

It has becomes a corporates game, not the one individuals can play, but at the end of the day how much can corporates do? Earlier, we had large occupancy because individuals were involved. Now Bollywood has realised that an MBA graduate doesn’t understand the creative aspects of a script, so how can he green-light
a script?

At the end of the day, it is all about passion. Corporates can distribute films passionately; there is no doubt about that. Now we also see a decline in single screens due to lack of business. People are closing their theatres and are keeping them closed because, in smaller towns, there is little you can do even if you have a large quantity of land.

To tackle the high costs, we must solve the piracy problem, which is taking away 50 per cent of the revenue. Also, producers must not release their films on satellite for six months after the film’s theatrical release. That automatically forces the audience to come to cinema halls.

If they know the film is not too good, they will get to see it within two months on television. So if they can see it for free in two months at home, why would they go to a theatre or pick up a DVD worth Rs.60. Piracy and satellite rights have to be controlled.

Apart from the issues the business faces, there is one other thing – we, as an industry, need to unite. An exhibitor is a critical part of the film business as it is he who is in direct contact with the audience and he is the one catering the audience.

ashutosh-agrawalAshutosh Agarwal, Director, StarWorld Cinemas

Movies are not doing well both in single screens and multiplexes because there is lack of good music in our films. Films like Aashiqui 2 were music-based and did phenomenally well. But, largely, in FY15 and FY16, there has been dearth of good music in our films. Producers and directors need to work on this.

The government has taken a step forward with the imminent introduction of GST. The tax structure will then become reasonable and unified. But the onus falls on exhibitors, to make cinema viewing experience comfortable for the audience and providing the latest technology at a reasonable price. It is therefore up to producers/directors to provide a choice of variety of genres. If this were to happen, it will be boom time in the industry again.

The growth of screens in India is slower than expected because there is a slowdown in the construction business and no new malls are being constructed by developers. Due to this, the growth of screens is currently restricted. Plus there is market consolidation underway – existing brands/operators are taking over smaller players by mergers and acquisitions or they are coming only in bigger towns. Hence the screen count is stagnant. Growth rate will pick up only when the construction business revives or when states offer incentives to construct new multiplexes.

Box Office India
Collection Chart
As on June 24th, 2017
FilmsWeekWeeklyTotal
Bank Chor1
5.85Cr
22.59Cr
Phullu
1
2.67L
2.67L
G Kutta Se1
2.11L
2.11L
Ramad
1
1.58L
1.58L
A Mystery Story120K20K
 Apmanit110K10K
More

Featured Video

Most Viewed Articles

Today

Last 7 Days

Last 30 Days

Twitter

Box Office India's Twitter avatar
Box Office India
@boxofficeindia

Check out the First Day All India NBOC of #Tubelight t.co/S3TmpXjnhp

Box Office India's Twitter avatar
Box Office India
@boxofficeindia

Here's #Sridevi starrer #Mom's new song #KookeKawn. Music by #ARRahman t.co/XcAve90eqa

Facebook

Instagram

This Week’s Issue

TRADE GUP

  • Shaad Ali to direct Dosanjh in Sony’s maiden venture
  • Wizcraft to pull off coup atIIFA event
  • Diljit Dosanjh is definitely on a roll
  • KriArj goes it alone for Kedarnath as Ekta exits
  • Prabhudhevato direct Salman Khan in Dabangg 3
  • Nawazuddin’sBBhits the right notes

IN CONVERSATION

  • Kanika Kapoor is excited about Mixtape web series
  • Vikram Phadnis makes directorial debut with Hrudayantra
  • Three cheers for Team MOM – Sridevi, Akshaye Khanna, Nawazuddin
  • Star-struck Javed Ali on crooning Kuch nahiin Tubelight

STRAIGHT NEWS

  • Ashutosh Gowariker delivers Masterclass at BFI
  • Venice Film Festival: Call for entries
  • Eros partners with Turkish bannerPana Film