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Spike in covid cases, IPL, Ramzan may hit film business

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Bollywood biggies like Sooryavanshi are slated to hit the screens. In the interim, smaller films will test the waters with expectations that covid cases will dip and restrictions in states like Maharashtra will ease.Also Read | The invisible hand in India’s stock marketMumbai and Delhi territories contribute almost 50% to the film business.

With Mumbai and the rest of Maharashtra seeing a spike in cases, trade expert feel that films may lose 10-40% of their overall earnings.

Curfews and restrictions in territories like Nagpur, Pune, Amravati and Jalgaon, many of which saw cinemas and malls shut over the weekend, have led to considerable impact, said trade experts, with a film like Mumbai Saga that released last Friday, seeing nearly 40-50%.

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