To restrict the spread of novel Coronavirus, the production of indian films, TV Show and web medium will remain suspended till 31st March. The decision was taken by film bodies including Federation of Western India Cine Employees (FWICE), Indian Film and Television Director Association and Producers Guild Of India on Sunday.
“The health and safety of our colleagues is of paramount importance to the Producers Guild of India. The industry’s united decision to suspend shooting between the period March 19 to 31 is the need of the hour and we fully support it,” Kulmeet Makkar, Chief Executive Officer, Producers Guild of India, said according to Variety.
The shutdown of the production will effect the revenue and it will generate a lot of loss for the producers. India has recorded almost 115 confirmed cases, so this decision has been taken as a precautionary measure to avoid the spread of Covid-19. All the big events, interviews are being called of due to fear of this virus.
The movie production that will get affected are Aamir Khan starrer Lal Singh Chadda, Zee Studios sports drama Jersey starring Shahid Kapoor and many more. The movie theater started closing across India amidst Coronavirus fear from March 11 and this effected the business of Irrfan Khan starrer ‘Angrezi Medium’ which released on March 13.
Loss for the Producers
Movies like ‘Suryavanshi’ made with a budget of approx 100 Cr, spends nearly 20-25 Cr on promotions and when these big films gets postponed it financially effects the producers and the financers. The movie expenses is going to increase but it will generate ‘zero’ revenue. The release of Hollywood Movies ‘A Quite Place 2’ and Disney’s ‘Mulan’ and ‘The New Mutents’ has been postponed.
Another big concern is the movie schedule getting cancelled. If we go with the researchers it is being said that the effects of Coronavirus can last more than 6 months, so will there not be mismanagement during release. Will a movie get completed before it’s release date. The postponing of movies can also create problems for other films for example if a producer has sealed the date of Diwali to release his film and now the producer who has incurred loss during this period will also look for the same date to compensate the loss and this will further create problems.
If we see the larger picture the biggest concern is the daily soap and the reality shows. The television industry gives employment to a large number of people. So if it remains shutdown, then how will a person who earns his bread and butter by working in a production house earn. The Indian Film and Television Industry is a market of 18 Billion it will surely generate a loss for producers and the financers.