COVID-19: Bollywood To Lose ₹80-90 Crore Per Week, TV Shows Worst Hit
While the script of Angrezi Medium was described as lazy by many critics, the performances of its lead stars Irrfan Khan and Radhika Madan was highly praised. It’s unfortunate, then, that the film will have to be released again on account of cinema halls being shut down across the state of Maharashtra.
The film industry has decided to aid the government in their diktat to shut down gyms, cinema halls, schools and swimming pools, to stem the spread of the Covid-19 virus. The Indian Motion Picture Producers’ Association (IMPPA), Western India Film Producers’ Association (WIFPA), Indian Film and Television Directors’ Association (IFTDA) and Federation of Western India Cine Employees (FWICE) have all taken a decision to shut down all film and TV shootings till the end of the month.
“We met on Sunday at the IMPPA office and decided unanimously to shut down shooting. As for the losses, we all felt jaan hai toh jahan hai,” Ashoke Pandit, president, IFTDA said, according to the Hindustan Times.
“The film industry will suffer a loss of ₹80-90 crore every week. I think daily soaps will be worst hit,” observed trade analyst Atul Mohan, according to the newspaper.
In light of the current global crisis, Dharma Productions has also suspended all administrative and production work until further notice.