Nearly Rs 10000crs loss occurred due to Theaters closure

Vastavam Web: Corona pandemic across the world brought the entire economy to a standstill. Almost all professions got affected and many lost their livelihoods. Unlock process started in India and slowly the economy is picking up. However, Theaters are still closed and this is worrying all those associated with the industry.Even now few of the industry biggies are warning that if the Theaters are opened they still will suffer losses. Others are expressing fear that if the situation continues in the same way for a few more months, exhibitors will be eliminated.

Multiplex association of India is trying its best to get permission to reopen Theaters from October. After its meeting with the Union Home secretary, the association released another letter requesting the authorities to permit reopening of Theaters.

As per the estimates, inside talk is Rs 10000crs loss occurred due to Theaters closure at an average of Rs 1500crs per month for more than 6 months. More than two and a half lakh lost direct employment and over a lakh lost indirect employment. So efforts are underway to revive the film industry.