Coronavirus Impact on Film Industry: Amid the deadly COVID-19 (coronavirus) outbreak in India, the government of most states have announced a complete lockdown of cinema halls, malls, gyms and other places of social gathering. After the decision came on Thursday in Delhi, Dinesh Vijan’s Angrezi Medium suffered the most. The move also hit the collections of Baaghi 3 and now that the shootings of all projects stand cancelled, the film industry is set to acquire more losses. A report in Mumbai Mirror suggested that the industry now stands to lose around Rs 800 crore due to delay in releases and shooting schedule.Also Read - Coronavirus: 13 Test Positive For COVID-19 in UP, Shutdown in Lucknow Till March 31
The report in the daily quoted trade analyst Komal Nahta revealing how the loss incurred by Baaghi 3 and Angrezi Medium will get doubled up due to the delay in the release date of Sooryavanshi. With the theatres being shut in major cities and a partial lockdown in the country, the Ahmed Khan directorial has seen a loss of around Rs 25-30 crore. In his latest statement to the daily, the director mentioned that it’s little disappointing to realise that the film couldn’t exhaust its entire potential at the Box Office but these are trying times and one can’t just think about the losses. Khan was quoted saying, “It’s a leaden feeling when unforeseen events affect our movies. The numbers would have been a lot different if this hadn’t happened. It is overwhelming and means a great deal that Baaghi 3 could earn whatever it did. I am sure Sajid (Nadiadwala, producer) bhai would agree.” Also Read - Indian Motion Pictures Producers' Association Halts Shooting of 'All Entertainment Formats' Amid COVID-19 Scare
While the makers of Sooryavanshi have already announced an indefinite push in the release date, there are strong reports about Kabir Khan’s ’83 being pushed too. The Ranveer Singh starrer is currently scheduled for release on April 10 and the makers reportedly cancelled the grand trailer launch of the film which was planned to take place last week. Also Read - After Sooryavanshi, Arjun Kapoor-Parineeti Chopra starrer Sandeep Aur Pinky Faraar Gets Postponed Due to Coronavirus
The report mentioned how exhibitors in the country are the worst affected. A Bihar-based exhibitor named Vishek Chauhan revealed that the government might have given the orders to shutdown but they still have salaries to give to the staff, rent and electricity to pay without ticket and canteen sales.
What lies as a bigger challenge ahead is to create an effective plan to bring back normalcy in the industry. While the release-date calendar needs to be sorted out so that no one film eats up the business of the other, planning is also required to see how to compensate for the lost revenue in the year’s first quarter.
Meanwhile, India has registered over 100 confirmed cases of coronavirus so far with 32 cases confirmed in Mumbai alone. The state governments of Delhi, Mumbai, Tamil Nadu, Goa, Gujarat, Assam, Lucknow, Punjab, Kerala and UT of J&K have ordered shutdown of theatres and malls till March 31.