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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.

Mumbai, Jul 18: Actor Aishwarya Rai Bachchan and daughter Aaradhya Bachchan on Friday were shifted to a city hospital, almost a week after they were tested positive for COVID-19. Aishwarya, 46 and eight-year-old Aaradhya were diagnosed with coronavirus on Sunday, a day after the actor’s father-in-law, megastar Amitabh Bachchan, and husband Abhishek Bachchan tested positive for the COVID-19.

The mother-daughter duo was self-quarantining at home till now.

“Both Aishwarya and Aaradhya were admitted to Nanavati hospital today. They are fine,” hospital source said.

Aishwarya needed medical attention, another insider said.

Amitabh, 77, and Abhishek, 44, both are already in the isolation ward of Nanavati hospital.

Since his diagnosis, Amitabh has been regularly updating his admires about his health on social media.

“In happy times, in times of illness, you our near and dear, our well wishers, our fans have ever given us unstinting love , affection care and prayer .. we express our bountiful gracious gratitude to you all .. in these circumstances hospital protocol, restrictive,” the screen icon tweeted on Friday evening.

According to Brihanmumbai Municipal Corporation (BMC), coronavirus cases in Mumbai rose to 98,979 with 1,228 new patients being reported on Friday.

Death toll due to the pandemic rose to 5,582 with 62 new fatalities being recorded.