Blockbusters are Back
Business Today|May 01, 2022
It’s been a merry March for theatre owners as three films crossed the `100-crore mark, with RRR managing the feat in just six days. But OTTs feel no pressure
VIDYA S
Blockbusters are Back

THE INDIAN BOX OFFICE is certainly on the mend after the Omicron wave of coronavirus infections with March witnessing three films—RRR, The Kashmir Files and Gangubai Kathiawadi—enter the ₹100-crore club. But the sheer volume of content being produced and a changed audience mix post-pandemic means that OTTs are not going anywhere.

Gangubai Kathiawadi, which released on February 25 and stars popular actor Alia Bhatt, earned ₹126 crore in a month, while The Kashmir Files, which released on March 11, collected ₹231.28 crore in 18 days, according to the portal Bollywood Hungama. Telugu film RRR, which released on March 25, crossed the mark within six days across the five languages it released in.

Mumbai-based G7 Multiplex and Maratha Mandir Cinema’s Executive Director Manoj Desai says he has witnessed houseful shows for all three films, especially in the 6 pm-9 pm slot. His G7 Multiplex has more than 1,500 seats across six screens and Maratha Mandir Cinema has around 1,000 seats. “In March 2022, we’ve seen 7080 per cent increase in footfalls over December 2021. At the time, there was a 50 per cent occupancy cap. Now, 100 per cent seating capacity is allowed. Also, people were scared to come even in December, but now… [they are] more confident.”

This story is from the May 01, 2022 edition of Business Today.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the May 01, 2022 edition of Business Today.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM BUSINESS TODAYView All
"Don't let a unique chance slip by"
Business Today India

"Don't let a unique chance slip by"

JEFF MAGGIONCALDA | CHIEF EXECUTIVE OFFICER | COURSERA

time-read
1 min  |
April 28, 2024
THE INCOMING DISRUPTION
Business Today India

THE INCOMING DISRUPTION

The disruption in the industrial sector is still unknown, but inevitable. Companies need to wake up

time-read
2 mins  |
April 28, 2024
THE WHEEL WHISPERER
Business Today India

THE WHEEL WHISPERER

For Manan Shah, Managing Director of MICL Group, luxury cars are not about showcasing one's wealth or status. It is about personal well-being

time-read
2 mins  |
April 28, 2024
TRIPPING WITH TECH
Business Today India

TRIPPING WITH TECH

A road trip is an adventure like no other. While you take in the experience, get some peace of mind with these nifty gadgets

time-read
2 mins  |
April 28, 2024
Transforming Spaces
Business Today India

Transforming Spaces

WHETHER YOU WANT TO REDECORATE YOUR BEDROOM OR HALLWAY, A GORGEOUS WALLPAPER ADDS FLAIR TO YOUR HOME AND ALLOWS YOU TO STAMP YOUR STYLE IN YOUR NEW ABODE

time-read
3 mins  |
April 28, 2024
PMS VS MF THE BIG FIGHT
Business Today India

PMS VS MF THE BIG FIGHT

HOW DO MUTUAL FUNDS AND PORTFOLIO MANAGEMENT SERVICES MATCH UP? KNOW THE SCORE ON STRUCTURE, RULES, ENTRY FEES, CHARGES, AND TAX PERKS TO PICK THE RIGHT PATH FOR YOUR FINANCIAL JOURNEY

time-read
5 mins  |
April 28, 2024
ALPHATALE
Business Today India

ALPHATALE

MONEY MANAGERS TO THE AFFLUENT DELIVERED ROBUST RETURNS TO INVESTORS IN THE PAST YEAR, THANKS TO THE BUOYANCY IN THE MARKETS. BUSINESS TODAY DECODES THEIR STRATEGY

time-read
8 mins  |
April 28, 2024
"THE ALTERNATIVES SPACE CAN GROW 3X IN FIVE YEARS"
Business Today India

"THE ALTERNATIVES SPACE CAN GROW 3X IN FIVE YEARS"

Vikaas M. Sachdeva, MD of Sundaram Alternates, talks about where India's alternative investment industry is headed

time-read
3 mins  |
April 28, 2024
"ALWAYS BE DATA-DRIVEN WHILE INVESTING"
Business Today India

"ALWAYS BE DATA-DRIVEN WHILE INVESTING"

First Global's Founder and CMD Devina Mehra on her company's PMS outperformance, technology and industry

time-read
3 mins  |
April 28, 2024
MAKING THE RIGHT CHOICE
Business Today India

MAKING THE RIGHT CHOICE

PMS SCHEMES ARE IDEAL FOR THOSE WHO INVEST IN LARGE TICKET SIZES, UNDERSTAND EQUITIES, AND DON'T PANIC AT THE FIRST SIGHT OF MARKET VOLATILITY. HERE ARE SOME TIPS ON HOW TO PICK THE SCHEME THAT SUITS YOUR GOALS BEST

time-read
5 mins  |
April 28, 2024