2020 kick-started with some really high expectations. With Tanhaji: The Unsung Warrior’s Rs 268.72 crore. Although February was not so happening with movies like Love Aaj Kal and Bhoot Part One: The Haunted Ship, also Malang managed to collect Rs 54.16 crore. While the coming releases were the hope of the box office Coronavirus outbreak came as a big downfall.
Theatres are shut down in Maharashtra and many parts of the Country, the box office got a huge loss. According to the experts, the box office has incurred a 450-crore loss in the first quarter.
According to the reports film critic and trade analyst, Taran Adarsh thinks that Bollywood will bear an estimated loss of somewhere between Rs 600-900 crore due to the coronavirus pandemic.
Shoots are getting canceled, releases are being postponed. The complete shutdown of most movie theaters countrywide has massively hit the prospects of big-budget films in particular.
The number of coronavirus cases in India is rising day by day. As many as 110 cases have noted until Sunday.
Tiger Shroff-starrer Baaghi 3 which released on March 6 had to bear a lot of effects. “There’s a loss of Rs 15-20 crore, especially in week two when theaters started to shut down,” said Taran Adarsh.
However, the film did quite well in the first week but the final numbers would have been different if the situation wasn’t that scary.
“The worst part is that there’s uncertainty as no one knows when the pandemic situation is going to die down as till 31 March 2020, there’s a complete shutdown and even after that you are not sure if the situation will normalise or will go further down, so the month of March is severely hit by corona in Bollywood. I believe getting back to normalcy will take time, as even after situation gets better in coming months you don’t expect people to throng the theaters at once, it will take time for movie lovers to come out and watch the film in cinema halls as everyone is going through a panicky situation right now,” he added.