Salman Khan acquitted in blackbuck, chinkara poaching cases

New Delhi, Jul 11: The COVID-19 triggered restrictions on cinema exhibition industry have not only disheartened movie goers, but axed several thousand jobs and costed the industry an estimated ₹ 5,000 crore in revenue.

The sector has been one of the hardest hit due to COVID-19 pandemic and the subsequent restrictions implemented to curb its spread.

Presently, cinemas and multiplexes continue to remain in the list of prohibited activities under the Centre's Unlock 2.0 Guidelines.

In an interview to media persons, movie exhibition major Inox Leisure's Chief Executive Alok Tandon said, "The industry on an average collects about ₹ 1,000 crore a month of 'Box Office' and on an average generates about ₹ 500 crore a month of ancillary revenues."

"Keeping in mind that the lockdown has been effective for more than 100 days now, which is about 3.5 months, the cinema exhibition industry would have accumulated losses worth ₹ 5,000 crore so far."

According to Tandon, associated businesses such as pre and post-production, make-up artistes, graphics, film set fabrication, film crew, events, marketing, F&B services have all been impacted due to the restrictions.

"With the production and exhibition of movies coming to a halt, the industry was bound to witness some job losses," he said without divulging any estimates.

As per industry data, the multiplex industry in India employs more than 200,000 people directly and accounts for nearly 60 % of revenues of the film business.

On the way forward, Tandon elaborated that the industry expects to regain business momentum and sentiment post resumption of operations.

"We believe it will be a matter of a couple of blockbusters, and we will be back to our usual operational numbers," he said.

"We are rightfully relying on the unshakeable passion of the Indian movie lovers, who are yearning to step out and spend time enjoying the giant screen experience."

Furthermore, he cited that industry has sent representation to the Centre for immediate re-commencement of operations and a support package.

"We have requested for financial support in the form of salary subsidies during the lockdown period, interest-free loans for three years, exemptions from various taxes and duties, like 'GST, Show tax, LBETs and Property taxes' for a period of one year from the date of operations, waiver on electricity minimum demand charges for one year and auto renewal of licenses and permits for the next one year," he said.

"We have been talking to our mall developer partners and are working together with them to see through this phase."

However, even after re-commencement, the industry anticipates at least 3-6 months before things return anywhere close to normal.

"The cinema ecosystem is such that we will need all the aspects of the business to swing into action and fire together for us to see a resurgence, and we are highly optimistic about the same," he said.

In terms of global experience, Tandon pointed out that cinemas have started operating in more than 25 major countries, and some of those markets are witnessing a healthy response.

"India is a massive movie market and we are confident that the passionate and responsible movie lovers will turn up in huge numbers to enjoy their favourite form of entertainment and also follow the prevention guidelines at the same time, ensuring a safe and steady revival of the cinema exhibition sector," Tandon said.

The film exhibition industry in India is mainly comprised of single screen and multiplexes.

At present there are around 9,527 cinemas across the country, including 6,327 single and 3,200 multiplex screens.

Jerusalem, Jun 17: Calling Sushant Singh Rajput as "a true friend", Israel has expressed its deepest condolences at the passing away of the young Bollywood star.

Rajput, 34, was found dead in his Bandra apartment on Sunday.

On Tuesday, Gilad Cohen, deputy director-general of Israel's foreign ministry, took to Twitter to mourn the actor's sudden demise.

"Sending my deepest condolences on the passing of Sushant Singh Rajput, a true friend of Israel. You will be missed!" Cohen wrote while sharing the link of the song "Makhna" from the actor's last film "Drive".

Sushant and his co-star Jacqueline Fernandez had shot the song in Israel as part of its ongoing efforts to bring Bollywood to the country.

New Delhi, Apr 2: After donating to UNICEF to combat COVID-19, actor Kareena Kapoor Khan on Thursday announced that she will also contribute to PM-CARES Fund and Maharashtra's CM Relief Fund along with her husband Saif Ali Khan and son Taimur Ali Khan.

Kareena made the announcement through an Instagram post and also urged others to do their bit by doing whatever is possible.

"We extend our support to the PM CARES Fund and the Chief Minister's Relief Fund (Maharashtra)," read an official statement post by Kareena on Instagram.

"In times like these, every helping hand and every rupee raised matters. Do Help wherever possible," the statement further read.

However, the amount of donation hasn't been revealed in the post.

The star couple has joined a list of celebrities including Akshay Kumar, Varun Dhawan, Alia Bhatt, Vicky Kaushal and others who too have extended support to PM CARES Fund to fight against coronavirus.

Earlier on March 31, the 'Jab We Met' actor had announced their contribution to UNICEF, GIVE INDIA and the International Association of Human Values (IAHV).

There are 1764 active coronavirus cases in the country, while 150 people have been cured and 50 have died, as per the Union Health Ministry.