Indian Theaters Business Lockdown Loss Pegged At 9,000 Crore

9000 crores loss to Theatres

Multiplex Association of India seems to be trying its level best to exert pressure on the Central Government to re-open the Cinemas in October. After a recent meeting with the Union Home Secretary, the association released an Open Letter demanding the re-opening.

They claim that the cinema exhibition industry would have lost up to 9000 Crore in Six Months of the Lockdown at the rate of a monthly loss of 1,500 Crore. A direct employment of over Two Lakh people and indirect employement of Lakhs of people got disrupted, they brought to the notice of the Government.

They listed various things explaining why cinema viewing can be safe and also gave examples of how several countries allowed the cinemas to re-open. The Government of India is skeptical about allowing the theaters to open as the experts say that the Corona transmission may increase in closed auditoriums.

However, even if the Government allows to open, the problems of Exhibition Sector will be far from over since they face a herculean task to convince the audience and bring them to theaters like before. They will also have to follow several SOPs and reduced capacities which will further eat away into their Revenues.

What’s streaming on OTT? Consult the experts!

Follow @mirchi9 for more User Comments
drugs narcotics caseDon't Missడ్రగ్స్ కేసు లో మహేష్ సతీమణి పేరు... మీడియా సృష్టా?సుశాంత్ సింగ్ రాజ్‌పుత్ మరణానికి సంబంధించిన డ్రగ్స్ కేసులో రోజూ కొత్త పేర్లు వస్తూనే ఉన్నాయి. రకుల్ ప్రీత్ సింగ్,...drugs narcotics caseDon't MissNews Channel Reports Mahesh Babu's Wife Name in Drugs CaseThe Drugs Case linked to Sushant Singh Rajput's Death is creating tremors in Bollywood. We...Khaali Peeli Pay per viewDon't MissFirst Test Case of Pay Per View Model on OTT To Fail Badly?Ishaan Khatter and Ananya Pandey's Khaali Peeli is the first notable Bollywood film to explore...Prabhas - Singeetham SrinivasDon't MissPrabhas21 Seeks Veteran Director’s GuidancePrabhas21 is a sci-fi movie. It is a genre that is very scarcely explored in...Nishabdham - Trailer TalkDon't MissTrailer Talk: Promising Intrigue, And Suspense And Importantly Raises ExpectationsTrailer Talk: Promising Intrigue, And Suspense And Importantly Raises Expectations After a long wait (from...