Bollywood braces for Rs 800-cr coronavirus loss
With theatres closed, shootings on hold and the release of major films pushed indefinitely, Bollywood is reeling under the impact of the coronavirus pandemic, say industry insiders, pegging the losses at anything between Rs 300 crore to Rs 800 crore.
While trade analyst Taran Adarsh said losses at the moment could be "Rs 500 crore to Rs 800 crore", another insider said on the condition of anonymity that the industry could lose about Rs 350 crore in the first quarter of the calendar year. Others were more chary about putting a figure but agreed this was a crisis for the Hindi film industry.
"This the worst time, not just for the film industry but for everyone. As far as the industry is concerned, business is getting hampered. It's too early to put any number as we don't know when the situation will be normal," T Series head Bhushan Kumar told PTI.
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