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Bollywood loses out as theatres stay shut amid covid fears

India experts 2020 Netflix Coronavirus
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₹1,000 crore, three industry experts said, as theatres remain shut for more than 100 days.The coronavirus lockdown has led to zero revenues for theatre owners and deprived the exhibition business of a bunch of big-ticket, mid-sized and small-scale films—a missed box office bonanza during the summer vacation when crowds usually throng cinemas.“It has been a complete disaster," said film trade and exhibition expert Girish Johar, adding that in comparison, the first half of 2019 had notched up revenues of ₹2,400 crore.

However, even before cinemas shut shop mid-March, 2020 was lagging behind 2019 with flops such as Chhapaak (box office collections of ₹32.55 crore), Panga ( ₹22.36 crore) and Love Aaj Kal ( ₹33.39 crore).

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