Indian Cinema Industry Suffering During Covid Situation
During this Covid-19 situation, Indian Hindi cinema has faced huge losses as well as closed thousand plus cinema complexes permanently and postponed hundred plus hits movies released. Some film projects shout down, while many people lost their jobs not only related to film’s production but also film’s supply chain. According to a 2020 report from accounting firm Ernst & Young, India had around 9,527 screens out of which there were around 6,327 single-screen theaters and 3,200 multiplexes. Last year, around 1,000 screens shut down permanently. This is the one industry which is already dealing with losses and no one knows when they can recover from the loss. On March, 2020Hindustan Times reported that Bollywood looking at 1300 corer rupees’ losses due to Covid-19 lockdown. Even they revealed that Bollywood film’s exported to ‘eat each other’s business’ after situation will be normal and film will start to releases theatrically. ...
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