HomeNewsTrendsEntertainmentBollywood: Losses mount, as Maharashtra theatres remain shut and 50% occupancy rule persists in most states

Bollywood: Losses mount, as Maharashtra theatres remain shut and 50% occupancy rule persists in most states

Akshay Kumar, Ranveer Singh, Aamir Khan, John Abraham, and Kartik Aaryan among those waiting for the state to reopen cinemas, to release new movies.

September 19, 2021 / 17:42 IST
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'Shiddat' (above) is releasing straight-to-OTT, as are 'Sardar Udham Singh' and 'Chhorii'. (Image: screen grab)
'Shiddat' (above) is releasing straight-to-OTT, as are 'Sardar Udham Singh' and 'Chhorii'. (Image: screen grab)

After losing over Rs3,000 crore in 2020, things haven't gotten much better for the Hindi film industry in 2021. As the September quarter nears an end, Bollywood has suffered another Rs3,000 crore in losses this year already.

In 2019, Bollywood films earned over Rs4,300 crore at the box office - 2019, was the industry's best year, and 2020 and beyond were expected to be bigger and better still. However, the pandemic struck hard and cinemas haven't returned to business-as-usual since April 2020.

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In the six quarters since then, back of the envelope calculations show, an earning potential of over Rs6,000 crores has been lost to the pandemic.

Things were expected to improve at least in the September quarter of 2021, with the pandemic on the wane in most parts of the country (barring Kerala) and practically all businesses slowly returning to normal.