Veteran music composer Khayyam passes away

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.

New Delhi, Jun 2: 'Dabangg' actor Sonakshi Sinha was showered with greetings as she turned 33 on Tuesday.

Sonakshi's father and veteran actor Shatrughan Sinha took to social media to express gratitude that the family is spending time together during the lockdown period.

"This week is very special for my family, as we have a lot to thank for during this lockdown period. The family got to really spend some good quality time together," the veteran actor tweeted.

"Today we all celebrate our darling @sonakshisinha Sona's birthday. May she always be positive & abundantly blessed," his tweet further reads.

Actor Preity Zinta also made sure that she wishes the 'Kalank' actor as she posted a picture with her on Instagram.

"Happy Birthday my darling Sona. Wish you all the wonderful things, today and always. Keep Smiling and shining always. Love you loads @aslisona," the 'Kya Kehna' actor wrote in the caption.

Fashion designer Manish Malhotra also posted a picture of himself with Sonakshi on his Instagram stories and wrote, "@aslisona Happy Birthday Beautiful."

Actor Huma Qureshi too extended birthday greetings to Sonakshi by posting a picture with her on her Instagram stories.

Huma wished her friend in what seems like a code language as she wrote, "You are...this friendship..how to...Love...Dosti.." along with the picture.

"Don't want to use words, you know what I mean..right@aslisona," she further wrote.

Sonakshi was last seen in the third installment of her hit film series 'Dabangg' which was released last year in December.

California, Jun 30: Online video-sharing platform YouTube on Monday banned several prominent channels, including those belonging to Stefan Molyneux and Richard Spencer.

The company banned six channels for repeatedly violating YouTube's policies.

According to The Verge, other channels banned include American Renaissance (with its associated channel AmRen Podcasts) and the channel for Spencer's National Policy Institute.

YouTube began taking stern measures on supremacist channels in June 2019.

"We have strict policies prohibiting hate speech on YouTube, and terminate any channel that repeatedly or egregiously violates those policies," the Verge quoted a YouTube spokesperson as saying.

"After updating our guidelines to better address supremacist content, we saw a 5x spike in video removals and have terminated over 25,000 channels for violating our hate speech policies," the spokesperson added.