Why Producers Gave Up Resuming Film Shoots?

Everyone is aware that high interest rates throw families on the streets. Many experienced this situation and for those in the film industry this situation is quite common.  Lenders loiter in front of a top Tollywood producer’s house. He will not back off from taking huge debts to establish his son as a star in the industry. The situation of others who take huge debts for other heroes is no different.

However situation worsened after Covid 19, following the lockdown and closure of theatres, stoppage of releases for more than more months. Everyone is remaining silent. Though permissions for shootings are given, no one is showing interest to resume them. They may not resume till the normalcy returns back.

A survey reveals that the psychological condition of those in the industry took a heavy denting. Heroes and producers are not keen to take risk and start shooting. If anything untoward happens they should call off the shoot. Even if one person tests positive for corona, entire shoot gets affected. Entire unit should go for a 20 day self-quarantine. If this happens, producers who get money on high interest rates will be at risk.

Financiers already agreed to do away with the three months interest rates. But once they start shootings, producers should pay huge interests till the release of the film. It is not clear when the theatres will open. So producers gave up the idea of resuming shootings, wrapping the projects and keep them ready for release.

If shootings gets stalled due to some or the other reason, they have to pay huge interest and rather than be under that situation they feel it is better to adopt a wait and watch approach.