Coronavirus Crisis: Bollywood Incurs Massive Loss Of Rs 250-300 CRORE In First-Quarter Of 2020, With Ajay Devgn’s Tanhaji Being The Only Major Hit
Bollywood industry stares at a massive loss of about 250-300 crore in just the first-quarter of 2020. Meanwhile, due to the Coronavirus crisis, Salman Khan’s Radhe: Your Most Wanted Bhai and Akshay Kumar-starrer Laxmmi Bomb that were slated to release on Eid 2020, have also been delayed
With Coronavirus pandemic on the rise, it has now been over a month since all public places including theatres, malls, gyms, etc have been shut. Not just that, even shootings for films, television shows have been stalled with the lockdown in place. Basically, Coronavirus has brought lives to a standstill and the economy is bound to take a hit in such circumstances. Eid is also nearing and this time there won’t be any release on the festive occasion since Salman Khan’s Radhe: Your Most Wanted Bhai and Akshay Kumar-starrer Laxmmi Bomb have been delayed.
With the current situation, the Bollywood industry stares at massive losses. According to a report in Hindustan Times, Bollywood incurred a massive loss of Rs 250-300 crore in the first quarter of 2020, and the only hit film was Ajay Devgn’s Tanhaji: The Unsung Warrior. Furthermore, with no Eid releases, the second quarter too will be disastrous. Trade analyst Taran Adarsh told HT, “The first quarter of 2019 was really bad, and now, with no Eid release, the second quarter has also started on a disastrous note.” Among all the releases in the first quarter of the year, only Tanhaji emerged as the blockbuster of the year, having collected Rs 269.70 crore.
Further detailing about the huge loss for Bollywood ahead, distributor-exhibitor Akshaye Rathi said that missing out on Eid will be a huge setback, and the second quarter isn’t going to exit since the box office is, and will be, zero, given the Coronavirus situation right now.
Meanwhile, Salman Khan’s Radhe: Your Most Wanted Bhai was reportedly left with a few days’ shoot and editing work, while Akshay Kumar’s Laxmmi Bomb’s post-production work is yet to be finished. ALSO READ: Salman Khan To Miss Out On His Eid Release For The First Time Due To Coronavirus Lockdown; Radhe To Get Pushed?
Image Source: IMDb, Pinterest, Instagram/ajaydevgn
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