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Corona Effect: Tollywood Suffered 1000 Cr Loss?

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Tollywood Losses Increasing Due To Corona Lockdown

Tollywood
Tollywood

Tollywood’s situation is turning out to be pitiable for the last four months with no shootings, film releases and the closure of theatres. One is not even aware where film workers who got scared of corona virus went to. 24 crafts workers are in dire straits with lack of food.

Under normal circumstances with 10-15 film releases in a month, till now one would have witnessed around 50 films in theatres. But everything went awry. Entire summer got washed out and many important festivals also missed.

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Never before in the history, there was a situation when four months passed away and with uncertainty about future. Analysts feel Tollywood would have suffered around Rs 600-Rs 1000 crs losses. 6-10 films would have released in a month and all those are now languishing in the labs with no clarity on the release date.

The wait and watch approach is increasing the losses. Two Telugu states has 1600 screens and of them 1200 are single screens and the rest are multiplexes. All are closed now. Every year used to have around 200 releases and already this year lost 80-90% of it.