Here’s how the Coronavirus outbreak is impacting the entertainment industry
Amidst the scare created due to the global outbreak of the Coronavirus, the Entertainment industry has taken a hit. Several movies including the upcoming Hollywood flick ‘No Time to Die’ (James Bond movie) are being pushed back from their intended release dates and movies like ‘Baaghi 3‘ are seeing an impact on their box office collections.
Even though ‘Baaghi 3’ became the biggest opener of 2020 with Rs. 17.50 crores collection (day 1), without the impact of external factors like the Coronavirus, causing theatres to shut down and people being urged to avoid visiting crowded places, the initial projections for the movie’s opening day collections were around Rs 26-28 crores.
Where movies are being pushed back due to the outbreak, ‘Baaghi 3’ is performing phenomenally well at the global box office and has collected around Rs. 20 crores but in the absence of the Covid-19 outbreak, the movie would have most likely collected over Rs 150 crores.
Trade projections suggest that big-ticket films like ‘Baaghi 3’ and Rohit Shetty’s ‘Sooryavanshi‘ are likely to see a 15-20 per cent impact on their collections and other films like ‘Angrezi Medium‘ will see a higher impact of up to 25-30 per cent.
Buzz is ‘Sooryavanshi’ and 83’s release date will be rescheduled.