The film industry will suffer a loss of ₹550 crore till April-end as theatres remain closed, according to trade experts With theatres shut and movie-goers unlikely to return in a hurry, some producers of mid-sized Bollywood movies are likely to turn to streaming platforms to recover their investments, instead of waiting for movie halls to reopen.
India’s film production and exhibition business has ground to a complete halt following the covid-19 outbreak. Comedy drama Angrezi Medium, which had a disappointing theatrical show after releasing just a week before the nationwide lockdown began, quickly found a spot on streaming platform Disney+ Hotstar.