Coronavirus pandemic has hit the entertainment industry hard and the makers are facing huge losses. Now the major producers have made it clear that the A listers celebs will not get the fee that they were getting before the pandemic.
A producer was quoted as saying, “It’s a different world now. After the lockdown everyone in every walk of life has taken a financial fall. The stars never need to do that. They have made enough money to last them for several lifetimes. But the days of 50-60 crore fees are over. Either the A-listers get real or they get out.”
The producer added, “That model of payment will also change now. Producers just can’t afford to pay the male stars the fees they got before the pandemic. We are looking at a huge recession and an equivalent pay-cut for the A-listers.”
As per the producers this the only option for the industry to survive to reduce the superstars’ fee.