Coronavirus causes uncertainty, release of major Bollywood releases to be postponed.
Rohit Shetty’s cop drama Sooryavanshi, starring Akshay Kumar, Ranveer Singh, Katrina Kaif and Ajay Devgn will be indefinitely pushed from its original release date of March 24.
Kabir Khan directed ’83, starring Ranveer Singh will most likely get a new release date. A major trailer launch event planned for the movie now stands cancelled.
James Bond movie No Time to Die delayed until November.
Delay in release of these tentpole films will impact the release calendar of the entire year.
Irrfan Khan starrer Angrezi Medium is the first casualty of the pandemic.
“While producers have a certain cost, the biggest loses will be borne by exhibitors, who will have to bear the cost of overheads with no recovery till this blows over,” an industry expert said.
Deepika Skips Paris Fashion Week
Bollywood star Deepika Padukone was invited by globally celebrated brand Louis Vuitton to attend its show at the Paris fashion week. However, the actor decided to skip the Paris Fashion Week due to the coronavirus outbreak in France.
“Deepika Padukone was scheduled to travel to France to attend Louis Vuitton’s FW2020 Show at the ongoing Paris Fashion Week but has had to cancel her trip with news coming in that the coronavirus epidemic has now entered a new stage in France,” the actor’s spokesperson said in a statement..
Some time back, there were rumours that international film star Jackie Chan was affected by the virus. However, the actor took to social media to reassure fans that he is safe and not under quarantine.
‘Thanks for everybody’s concern! I’m safe and sound, and very healthy. Please don’t worry, I’m not in quarantine. I hope everyone stays safe and healthy too!’ he shared on Instagram.
Coronavirus to impact release of Bollywood Films in China
Coronavirus disease has already caused a big impact to China’s economy, and China being India’s biggest trading partner and also a big market for India’s domestic goods, the disease can have an impact on several sectors in India as well.
“The disruption caused, if prolonged, could have a bearing on India’s imports from the country which is critical for domestic economic activity. Finding substitutes for imports from China in the near term could be a challenge. Further, a slowdown in economic activity in China could impact exports from India,” noted credit agency CARE Ratings in a recent report.
The fatal virus disease will have an impact on Bollywood business as well.
Due to the outbreak, China has shut down almost all its movie theaters across the country (close to 70,000 theatres).
In recent years, Bollywood movies, 3 Idiots, Dangal, Secret Superstar have become huge hits in China and the demand for good Indian films is only growing. Lot of Bollywood films that had scheduled releases in China will most likely be impacted due to the disease.
The outbreak has also caused several Indian airlines to temporarily cancel/suspend flights operating from India to China and Hong Kong.
Coronavirus has also hugely affected its own film industry, with the release of several blockbuster movies now put on hold.
Chinese film studios were expecting huge crowds over the Lunar New Year holiday (which began Jan. 25), one of the biggest weeks for movie goers. However, according to ticketing platform Maoyan, the film studios were hoping to generate as much as $1 billion globally during this period, but could gross only about $2 million over the holiday weekend.
China’s government does not allow Chinese films to be released in theaters in other countries before they have made their debut in China.
In terms of box office revenue, China’s film market is next only to the United States. Many analysts believed that 2020 was the year when China would overtake the US and become the biggest film market in the world, but the Coronavirus outbreak will likely delay that feat.