You are perceived a good actor when you give Rs 100-cr hit: Nawaz

Agencies
February 4, 2019

Mumbai, Feb 4: Nawazuddin Siddiqui is thrilled "Thackeray" emerged a hit at a time when a "strong" perception rules the trade that an actor is considered a heavy-weight performer only when the film crosses the Rs 100-crore mark. 

The actor, who carved a niche by featuring in off-beat films, said he doesn't care about box office validation but if an actor's talent is measured in numbers, he can play the game too. 

"I don't care about the box office. If I did, I would've done song and dance films throughout my career, the ones which go on to become hits. But today it is being perceived that you're a good actor only if you give a 100-crore hit," Nawazuddin told PTI in an interview. 

"Since it's perceived you're an actor only when you give hit films, I feel I should start doing films where there's comedy with a 'tadka' of content. I can do the films I believe in and also this kind of cinema once in a while," he added. 

The actor said the performance of his films at the box office have never clouded his choice of future projects, which is why he is elated when a film like "Thackeray" becomes a hit. 

"The film didn't have songs. There was no comedy, no suspense. It was just about the life of a man, whose story we chronicled in two hours. When a film like this works, you feel happy. We saw profit from the weekend itself and it's great to see the film stand tall," he said. 

Nawazuddin said while he was not concerned about the ticket window, he was "nervous" about the film's reception. 

"I wasn't worried about the box office on Friday but I was slightly nervous because unlike what we call 'content driven films' which too now have five songs this wasn't the one. So I was nervous how the film would be received. I also wondered whether our liberal audience would like it," he added. 

The film, however, was called "propaganda" by some, but the actor said he doesn't understand the rationality of the argument. 

"What have we done as propaganda? For years we have been making films which are hero-centric, where we show no weakness, no darkness of the hero. Isn't that propaganda? When you show your hero as this perfect, holier than thou man, that is propaganda too," he said. 

Nawazuddin has as many as six projects in the pipeline, including Ritesh Batra's "Photograph" and "Sacred Games" season two.

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News Network
June 17,2020

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.

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News Network
June 9,2020

New Delhi, Jun 9: Multiplex operator PVR on Monday said it has cut salary across various levels, laid off employees and deferred increments during the lockdown to mitigate adverse impact of COVID-19 on the business.

The company said at present it is not generating any revenue from exhibition business and related activities as cinemas across the country are shut following the directions from the regulatory authorities.

According to the company, closure of screens during the lockdown will have a significant negative impact on profitability and liquidity.

PVR has taken measures to reduce its personnel cost, including salary cuts across various levels in the organisation during the lockdown along with "reduction in headcount by way of layoffs/retrenchment" to mitigate the adverse impact of COVID-19 on the business.

Moreover, the board of the company, in its meeting held on Monday has also approved plan to raise Rs 300 crore through rights issue.

"Since Cinema Exhibition is the only business segment, company is currently not generating any revenue from admissions, food and beverage sales or other revenue and cash flow from operations," said PVR in an update.

Beginning from March 11, PVR started closing its screens in accordance with the order passed by various regulatory authorities and within a few days most of our cinemas across the country were shut down, it added.

The company will continue to incur committed cash outflows, including employee salary pay-outs, other overheads as well as payments for older working capital.

"This has and will have a significant negative impact on profitability and liquidity during lockdown and even thereafter till business comes to normalcy," it added.

Further, once the cinemas are re-opened, we may not be able to run our cinemas at normal capacity utilisation levels on account of social distancing measures that cinemas may be required to follow as well as health concerns that the patrons may have, the multiplex operator said.

"On account of this, our revenue and cash flow generation may be impeded even once we are allowed to restart operations," it added.

The company has also deferred decision on on increments to reduce its cost, it added.

PVR has also written to developers for waiving rental and CAM (Common Area Maintenance) charges for the lockdown period.

It is in discussion with developers for reducing rentals post re-opening and has invoked force majeure clause in its agreements with them.

Besides, the company has raised additional borrowings from existing bankers to shore up liquidity.

"As of March 31, 2020 the company had cash and bank balance of Rs 316 crore. As on June 7, 2020 cash and bank balance is Rs 227 crore (including undrawn bank lines)," it added.

Over reopening of theatres, PVR said that the government has come out with a phase-wise schedule.

In these guidelines cinema halls have been kept in the third phase of re-opening, where dates will be decided based on assessment of the situation.

"We are in continuous engagement with all regulatory authorities and hope to receive the necessary permissions for restarting opening in the near future," it added.

Currently PVR operates 845 screens in 176 properties in 71 cities.

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News Network
July 12,2020

Mumbai, Jul 12: Actress Aishwarya Rai Bachchan and her daughter Aaradhya have tested positive for coronavirus, confirmed Maharashtra Health Minister Rajesh Tope on Sunday. However,  veteran actor Jaya Bachchan has tested negative for the virus.

"Smt Aishwarya Rai Bachchan and Daughter Aaradhya Abhishek Bachchan have also been detected positive for Covid-19. Smt. Jaya Bachchan ji is tested negative for Covid-19. We wish the Bachchan Family to get well soon with a speedy recovery," Tope tweeted.

As per Assistant Municipal Commissioner Vishwas Mote, the rest of the family members - Jaya Bachchan, daughter Shweta Bachchan Nanda and her children Agastya and Navya Naveli - have tested negative for COVID-19.

On Saturday, legendary actor Amitabh Bachchan and son Abhishek Bachchan took to social media to confirm that they have detected positive for coronavirus.

The 'Sholay' actor is reported to be in a "stable" condition with "mild symptoms."
The 77-year-old has been admitted to the isolation unit at Mumbai's Nanavati Super Speciality Hospital.

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