Bollywood Revenue in Sharp Decline: Down 12% in 2016

[RiazHaq]

http://www.riazhaq.com/2017/04/bollywood-revenue-in-sharp-decline-down.html

Bollywood movie revenue suffered 12% drop in 2016 to $338 million, the sharpest decline ever, according to Reuters news agency. Meanwhile, the global movie revenue rose just 1% to a record $38.6 billion last year, according to a report by Motion Pictures Association of America.


Box office sales hit a record $11.4 billion in the United States and Canada, up 2% from 2015, thanks to blockbusters such as “Rogue One: A Star Wars Story,” “The Secret Life of Pets,” and “Captain America: Civil War”, according to a report in Los Angeles Times.

By contrast, the Bollywood revenue, a tiny fraction of the global film market, has been in decline since 2014. It fell from $413 million in 2014 to $385 million in 2015 to $338 million in 2016, down 6.7% from 2014 to 2015 and then again dropping 12% from 2015 to 216.

While Bollywood business is in sharp decline, the Pakistani cinema, though small, is growing very rapidly with the explosive growth of multiplex theater screens. Pakistan's "The News Sunday" estimates that box office receipts in the country jumped 28 per cent in 2015 as compared to 2014 and this figure is only expected to grow in coming years.


Here's how Indian media and entertainment analyst Akar Patel describes Bollywood's business opportunity in Pakistan:

"In Pakistan, there is a big market for Indian movies in their multiplexes. For decades this revenue was lost to Bollywood because the movies were pirated. Under former president Pervez Musharraf, the official screening of movies was allowed, benefiting both nations. Today all Bollywood movies are shown there. Unfortunately, the current state of ties between the two countries has been allowed to deteriorate so much that we should not be surprised if Musharraf's wise decision is reversed."

It can be a win-win arrangement with Pakistani artists working with their Indian counterparts in Indian movies and increasing Bollywood revenue from the growing Pakistan market that is already the second largest market for Bollywood entertainment. However, the powerful Hindu Nationalists appear to be succeeding in thwarting this partnership.

If the anti-Pakistan rhetoric and the attacks on Pakistani artists in Mumbai continue, it is very likely that Pakistan will respond by reimposing the ban on showing of Indian films in a rapidly expanding market market for Bollywood entertainment. In addition to increasing estrangement between the two neighbors, stopping cooperation and collaboration will be a significant blow for the entertainment industries in both India and Pakistan.

Related Links:

Haq's Musings

Bollywood Eyes Pakistan Market

Peepli Live Destroys Indian Myths

Bollywood-Hollywood Combos

Indian Bollywood Seeks Cultural Dominance

US Mortgage Fraud Funded Bollywood Movie

Coke Studio: Music Drives Coke Sales in Pakistan

http://www.riazhaq.com/2017/04/bollywood-revenue-in-sharp-decline-down.html

 

[maximuswarrior]

The nationalists in India are a blessing in disguise. Their hate is destroying the popularity of
their movie industry in Pakistan. It would be highly beneficial to see Hindu nationalism increase manifold in India.

 

[Srinivas]

wait for Baahubali and other huge releases !

 

[Crixus]

Even Oriya film industry is bigger then whole Pakistani film industry ... and they are worried about Bollywood

 

[Laozi]

South Indian Cinema gets bigger than Bollywood?

http://www.sify.com/movies/south-in...-than-bollywood-news-tamil-retlAMbjihhid.html

People outside India still think that Bollywood alone makes movies in our country but if we look at the history, regional cinema has equally contributed to the business and artistic achievements of Indian film industry.

Baahubali is the biggest grosser in Indian film history, it surpassed Bollywood’s highest earner PK starring Aamir Khan. Baahubali is also one of the highest collected Indian movies in overseas markets that even some of the Hindi movies starring leading stars couldn’t achieve the box office status of the period war saga. Now all eyes on the second part of Baahubali, which is said to have done a record breaking pre-release business in India and overseas.

Before Baahubali, it was Rajinikanth’s Endhiran, which stunned trade pundits that they started seeing the actor as a box office demigod. Expectations are skyrocketing for ‘2.O’, the sequel of Endhiran, which also has Bollywood’s leading actor Akshay Kumar in an important role. Not just Baahubali and Endhiran, South Indian films have been producing some of the biggest films in Indian cinema both in terms of budget and box office collection.

Even during the initial days of movies in India, SS Vasan (Gemini Studios) produced and directed Chandralekha, the most expensive film of that time. According to Federation Of India Chamber Of Commerce & Industry’s report in 2014, 287 and 257 Tamil and Telugu movies were produced in the particular financial year compared to 216 Hindi movies. Point to be noted here is we haven’t added Malayalam and Kannada movies, especially the former producing some of the finest films in modern Indian cinema and they are slowly attracting non-Malayalam speaking multiplex audiences. According to producers of Malayalam film, ‘Randamoozham’ (based on Mahabharata) starring Malayalam Superstar Mohanlal will be made at a humongous budget of 1000cr thus making it as the costliest movie ever made in India.

Apart from their direct contribution, several South Indian movies were also remade in Bollywood and attained phenomenal success. Though many Hindi movies were remade in South Indian languages, the remake rate has been drastically reduced in recent times whereas Bollywood stars including Salman Khan and Akshay Kumar are still showing interest in remaking successful regional movies. Wanted, Body Guard, Kick, Rowdy Rathore, Holiday were some of the remake movies starring Salman and Akshay in late 2000’s. Sources say that Akshay is in talks with AR Murugadoss and Lyca for the possible remake of Ilayathalapathy Vijay’s Kaththi in Hindi. Generally, dubbed Tamil films enjoyed a good run in Andhra Pradesh, Telangana, Kerala, and Karnataka.

Now South Indian cinema gets even bigger as Telugu stars are also eyeing the potential Tamil market. Baahubali 2 starring Telugu hero Prabhas will have two weeks free run in Tamil Nadu with no big opposition, which is a rarity in the crowded Kollywood market. After Prabhas, Telugu Cinema’s Prince Mahesh Babu's Spyder is being made as a Tamil-Telugu bilingual. There is a huge demand for the Tamil Nadu theatrical rights of Spyder, thanks to the popularity of the film’s director AR Murugadoss and also, Mahesh Babu enjoys good fan base in Chennai. Allu Arjun has also signed a Tamil biggie with director Lingusamy and Jr NTR is also said to be planning to soon make his debut in Tamil.

Going by the current trend, there is a bright chance for South Indian films to even surpass Bollywood and all they want to do is to unify all the four industries, aim simultaneous release and apt promotional strategies. To be precise, South Film Industry needs more Baahubali and Endhiran along with content driven films to make it to the top. - Rajasekar S

Bollywood first choice for Pakistan's cine-lovers


Mohammad Ibrar| TNN | Apr 19, 2017, 08.06 PM IST
LAHORE: For Anna Imran, her favourite pastime, as it is for other young Lahoris, is a movie every weekend. And because numerous multiplexes have come up near her South Lahore home, she often finds herself undecided on where she should sate her weekly hunger for films. These multiplexes have sprung up in the past few years, thanks to the changing mindset of celluloid-hungry people, who otherwise would search for pirated DVDs to watch during their leisure hours. But for some time recently, Anna was an unhappy woman. Anna often opts for Indian flicks, and was, therefore, annoyed at being deprived of her customary pleasure. "I wanted to watch 'Dangal', but at the time of its release, Indian films were banned here," she said. That week, she sat through 'Dobara Phir Se, a home production, for lack of choice.

Anna was temporarily denied her date with Indian movies because the Pakistan Electronic Media Regulatory Authority (PEMRA) asked movie theatres, in a tit-for-tat action, not to exhibit Indian movies. Just before this, in October 2016, the Indian Motion Picture Producers Association (IMPPA) had demanded a ban on Pakistani artistes working in Bollywood.

It was one more example of the politics of the two subcontinental countries affecting both movie goers and the theatre community of Pakistan. During the period when Indian films were boycotted, the multiplexes had problems luring crowds to fill the seats. Though the ban, which caused losses in millions of rupees to film distributors, was to be lifted in late October, a terror attack in Quetta, blamed by some in the Pakistani establishment on India, led to the postponement of that decision.

The lack of patronage for Pakistani films during the ban underlined once again the popularity of Bollywood in the country. When the social taboo about going to cinema halls began to give way to curiosity about movies, the multiplexes started coming up in the major cities. The driver, however, was the Indian film industry. Pakistani film critic Usman Ghafoor agrees. "The Pakistani film industry wasn't there when the multiplexes began to mushroom. It was Bollywood and Hollywood that helped get the audience back in theatres," he said. He added, "Bollywood is huge in Pakistan — even when the Indian films were banned in the theatres or they weren't officially allowed air time on TV channels, the cable owners would air them secretly because the customers demanded it. For us, Bollywood is staple diet."

Md Junaid, manager at the CineStar multiplex in Xinhua Mall in Lahore, disclosed that it is Indian movies that help them do major business. "After the ban was lifted, we still couldn't show new movies," he said, "and so had to run the films that had been released during the ban period during the night slots."

This 'ban' stretched to February this year, during which the Aamir Khan starrer 'Dangal', the story of India's top women wrestler sisters, couldn't get a release in Pakistan. However, pirated DVDs of the mega hit sold like hot cakes. "I heard so many good things about the movie, so I had to watch it," said Sarah Asad, a film enthusiast.

This business of opting for pirated copies affected the multiplexes. Ali Chaudhry, CEO of CineStar Cinemas Pakistan, claimed that "almost 60% of the audience walked away in disappointment at not getting to see the Fawad Khan starrer 'Ae Dil Hai Mushkil' they had been waiting for".

Film lovers have to suffer not only these periodic bans, but occasionally Pakistan's overenthusiastic censor board's decisions too, with frequent references to "anti-Pakistani" or "anti-Islamic" content. The Shah Rukh Khan starrer 'Raees' couldn't release even after the ban was lifted since it faced religious objections.

http://timesofindia.indiatimes.com/...akistans-cine-lovers/articleshow/58264516.cms

 

[Secret Service]

bollywood is all about stupid plots and vulgarity, nothing else.

 

[Śakra]

Nothing good has been released since PK.

 

[Laozi]

Nothing good has been released since PK.

Dangal and Badrinath ki Dulhania would change the way Indians think.

PK's Message was anti religion which many people found acceptable while these two movies do have a positive message for every Indian parent

 

[Menace2Society]

Cinema is art and should be encouraged. Shouldn't bad mouth efforts of others. I appreciate all cinema even if I don't watch some of it.

 

[Crixus]

And what you call those Pakistani audience who watches Bollywood even after stupid plots and vulgarity, nothing else.
After the Ban Kaabil did business of 75 lakhs on first week end ..... what you name those Pakistani citizens who paid 75 lakhs for an Indian movie
http://indianexpress.com/article/en...ffice-collection-hrithik-roshan-film-4512573/
Kaabil Pakistan box office collection: Hrithik Roshan's revenge drama collected Rs 75 lakh on its first day and is still doing well without any promotions in Pakistan.

bollywood is all about stupid plots and vulgarity, nothing else.

 

[Rajaraja Chola]

Tamil and Telugu movies are finally realising their potential. Previously only Rajinikanth movies used to release in all 4 southern states. Post Baahubali, it has now become a norm for big heroes to do bilingual. Its good for Tamil and Telugu market to consolidate, create a common market, and add to that, get a lot of revenue from International markets as well. Some movies made nearly 30% of their money in International markets. Malayalam industry produces the best films in India though they lack the budget due to their small market.

Honestly Bollywood market doesnt encourage good movies and infact they still love only Masala movies and eventually they are the ones turning out to be blockbusters. Other than PK, Pink, Jolly LLB, Raees, some were absolute shittos. They cant even stop adding unwanted Masalas to historic movies like Bajirao Mastani.

Ghazi was a superb movie which was not accepted by the audience in the north. And so was a few movies which had excellent reviews but tanked. I really hope Bollywood stops nepotism and start encouraging real talents to give out good movies. I am sorry, but some of the best technicians working in the North are also from south.

 

[Avisheik]

Tamil and Telugu movies are finally realising their potential. Previously only Rajinikanth movies used to release in all 4 southern states. Post Baahubali, it has now become a norm for big heroes to do bilingual. Its good for Tamil and Telugu market to consolidate, create a common market, and add to that, get a lot of revenue from International markets as well. Some movies made nearly 30% of their money in International markets. Malayalam industry produces the best films in India though they lack the budget due to their small market.

Honestly Bollywood market doesnt encourage good movies and infact they still love only Masala movies and eventually they are the ones turning out to be blockbusters. Other than PK, Pink, Jolly LLB, Raees, some were absolute shittos. They cant even stop adding unwanted Masalas to historic movies like Bajirao Mastani.

Ghazi was a superb movie which was not accepted by the audience in the north. And so was a few movies which had excellent reviews but tanked. I really hope Bollywood stops nepotism and start encouraging real talents to give out good movies. I am sorry, but some of the best technicians working in the North are also from south.

True words man. A lot of movies has good stories and themes, but get ruined by cringey zee tv type drama, shit acting, tatsless booty songs and even shittier comedy.

Nepotism is everywhere in south asian film industry. But bollywood takes the cake.

 

[damiendehorn]

With the internet and file sharing, streaming etc...$338m revenue is going to be looking good. In the UK loads of indians and other south asians view "bollywood" movies mostly via illegal means.

So in terms of 2016 revenue, bollywood is less then 3% of hollywood.

 

[Bussard Ramjet]

http://www.riazhaq.com/2017/04/bollywood-revenue-in-sharp-decline-down.html

Bollywood movie revenue suffered 12% drop in 2016 to $338 million, the sharpest decline ever, according to Reuters news agency. Meanwhile, the global movie revenue rose just 1% to a record $38.6 billion last year, according to a report by Motion Pictures Association of America.


Box office sales hit a record $11.4 billion in the United States and Canada, up 2% from 2015, thanks to blockbusters such as “Rogue One: A Star Wars Story,” “The Secret Life of Pets,” and “Captain America: Civil War”, according to a report in Los Angeles Times.

By contrast, the Bollywood revenue, a tiny fraction of the global film market, has been in decline since 2014. It fell from $413 million in 2014 to $385 million in 2015 to $338 million in 2016, down 6.7% from 2014 to 2015 and then again dropping 12% from 2015 to 216.

While Bollywood business is in sharp decline, the Pakistani cinema, though small, is growing very rapidly with the explosive growth of multiplex theater screens. Pakistan's "The News Sunday" estimates that box office receipts in the country jumped 28 per cent in 2015 as compared to 2014 and this figure is only expected to grow in coming years.


Here's how Indian media and entertainment analyst Akar Patel describes Bollywood's business opportunity in Pakistan:

"In Pakistan, there is a big market for Indian movies in their multiplexes. For decades this revenue was lost to Bollywood because the movies were pirated. Under former president Pervez Musharraf, the official screening of movies was allowed, benefiting both nations. Today all Bollywood movies are shown there. Unfortunately, the current state of ties between the two countries has been allowed to deteriorate so much that we should not be surprised if Musharraf's wise decision is reversed."

It can be a win-win arrangement with Pakistani artists working with their Indian counterparts in Indian movies and increasing Bollywood revenue from the growing Pakistan market that is already the second largest market for Bollywood entertainment. However, the powerful Hindu Nationalists appear to be succeeding in thwarting this partnership.

If the anti-Pakistan rhetoric and the attacks on Pakistani artists in Mumbai continue, it is very likely that Pakistan will respond by reimposing the ban on showing of Indian films in a rapidly expanding market market for Bollywood entertainment. In addition to increasing estrangement between the two neighbors, stopping cooperation and collaboration will be a significant blow for the entertainment industries in both India and Pakistan.

Related Links:

Haq's Musings

Bollywood Eyes Pakistan Market

Peepli Live Destroys Indian Myths

Bollywood-Hollywood Combos

Indian Bollywood Seeks Cultural Dominance

US Mortgage Fraud Funded Bollywood Movie

Coke Studio: Music Drives Coke Sales in Pakistan

http://www.riazhaq.com/2017/04/bollywood-revenue-in-sharp-decline-down.html

It is due to many reasons, chief among them being the low quality of movies, increased penetration of Hollywood among young, and easy availability of pirated movies for free online.

wait for Baahubali and other huge releases !

Which are the other huge releases?

 

[Jlaw]

bollywood is all about stupid plots and vulgarity, nothing else.

What about dancing to court a girl?