Telugu film shoots might stop from August 1 to ‘restructure the industry’ after drop in theatrical revenues

Published on Jul 18, 2022 02:22 PM IST

Telugu film industry might halt film shoots from next month. Reports suggest that Telugu Film Chamber of Commerce has also been notified of the same.

Telugu films shooting might halt from August 1.
Telugu films shooting might halt from August 1.
PTI |

Telugu film producers are contemplating to stall movie shoots from August 1, 2022 in a bid to "restructure the industry". Production costs have mounted several fold while theatrical revenues dropped to low levels. Several producers held meetings in the last two days in Hyderabad and decided to take stern action to set things right for the the industry's survival. A producer said that the Telugu Film Chamber of Commerce has been notified of their decision to halt film shootings from August 1. Also Read: Taapsee Pannu on doing 'small' Telugu film Mishan Impossible: ‘It’s a film I had the power to pick now’

A Telugu film producer told PTI, "Theatrical revenues, except for blockbuster movies like RRR, KGF-2 and one or two others, have fallen to an abysmal low of 20 per cent. This has hit the industry hard, which was already reeling under the COVID impact. Everyone is now worried about the sustainability of the industry in such a scenario," the producer said.

The producers have come together to devise ways to restructure the entire industry to ensure its survival, he added. The producers have taken a major decision not to release any new movie on OTT platforms for 10 weeks after the theatrical release.

"Now, even movies of big stars are making it to the OTT within three weeks. This is further contributing to the drop in theatrical revenues. Small (budget) films are unable to survive in such a market," another noted producer pointed out. "We will have further talks in the next few days and arrive at a final decision on the way forward,” the producer said.

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