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Corona Virus could result the loss of Rs 800 Crores: Bollywood stands to incur a loss of Rs 800 crores, the trade analysts estimated. The shooting of almost all the upcoming movies have been halted amid corona virus. Also, due to shut down of theatres in major parts of the country results in a breakdown of the business of Bollywood industry, the Bollywood is set to face a major loss in its history. As per reports, it has been finally estimated that Bollywood to incur a loss of around Rs 800 Crores.
However, recently the Indian Motion Pictures Producers’ Association (IMPPA) has announced that all production work shall be halted from March 19 to March 31.
Films already in theatres have seen a drastic decline in viewership and the film that has suffered the most is Tiger Shroff's Baaghi 3. The recently released movies like Angrezi Medium and Baaghi 3 are stucked on the roughly collection of Rs 9.53 crores and Rs 96.07 crores respectively. The traders like Komal Nahta estimated that the makers of Baaghi 3 have incurred a loss of 25-30 crore so far and the movie was about to cross the ‘100 crore club’. As far as Irrfan’s Angrezi Medium is concerned, the movie was unable to make a good start, therefore is getting more affected by the decision of IMMPA.
The shooting for a number of films such as Jersey, Bhool Bhulaiyaa 2 and Brahmastra were cancelled too due to coronavirus. Salman Khan’s Radhe: Your Most Wanted Bhai, Vidya Balan’s Sherni, Bhumi Pednekar’s Durgavati and John Abraham’s Mumbai Saga, nonetheless, continue as per schedule.
Delhi government has ordered schools, colleges and movie theatres to remain shut till March 31. The most awaited cricket tournament, Indian Premier League (IPL) has been pushed to April 15 and the release dates of many films have also been postponed.
Federation of Western India Cine Employees (FWICE) President BN Tiwari said, ‘the government has taken the decision to shut schools, colleges and movie theatres then why can't we stop shootings. The TV workers have to be on set every day, which is even more risky. We can't put the lives of our workers in danger in this epidemic.’
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