COVID-19: Movie Theatres In India Have Lost Nearly Rs 5,000 Crore In Three Months
The Indian film industry has come to a grinding halt, thanks to the pandemic
The growing threat brought upon the world by the COVID-19 pandemic refuses to stop and one of the things worst-hit by it is the Indian film industry, which churns out around 1,200 movies a year. One of the most prolific film industries in the world, it has found some respite in OTT platforms, but the loss that’s being borne by theatre owners continues to slip to new depths.
It’s being reported that cinema houses have lost close to Rs 5000 crore in a span of three months due to the lockdown. Speculations are rife that Indian theatres could reopen by the start of August with proper social distancing norms. Following four nationwide lockdowns, the country is in the midst of its unlock phase. According to Unlock 2.0, which comes into effect today, movie theatres, apart from schools, colleges, and religious shrines, must remain shut until July 31.
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