Did you know? Disney+ Hotstar had acquired Akshay Kumar starrer Laxmii for Rs. 90 cr. : Bollywood News

Final yr we noticed quite a lot of movies taking the OTT route and choosing a digital launch since theatres have been shut as a result of ongoing Covid-19 pandemic. Apparently, the large ticket Bollywood entertainer Laxmii that featured Akshay Kumar within the lead position was one of many first large starrer movies to forgo the traditional theatrical launch and as a substitute premiere immediately on OTT. Now, a yr later we hear that Hotstar had shelled out a staggering Rs. 90 cr. to amass the movie.

“Laxmii was one of many largest releases final yr, and all eyes have been on how the movie carried out on the digital platform. Moreover this, the pandemic shut down all theatres, leaving the viewers and filmmakers with no choice besides streaming platforms to launch their movies. This lead to an enormous skirmish between OTT platforms to amass large ticket releases and mega monies have been shelled out to do the identical,” says a well-placed business inside to Bollywood Hungama. Persevering with additional whereas speaking about why Disney+ Hotstar shelled out Rs. 90 cr. for the movie, the supply provides, “Laxmii had been making headlines, and with Akshay Kumar within the lead it was some of the coveted movie titles for the OTT platform. That is why main cash was at stake in buying the movie.”

Whereas Laxmii didn’t meet expectations on its launch on the digital platform, OTT channels have now begun re-evaluating their acquisitions and re-structuring the quantity spent on movies.

Extra Pages: Laxmii Field Workplace Assortment , Laxmii Film Assessment

BOLLYWOOD NEWS

Catch us for contemporary Bollywood Information, New Bollywood Films replace, Field workplace assortment, New Films Launch , Bollywood Information Hindi, Leisure Information, Bollywood Information Right now & upcoming films 2020 and keep up to date with newest hindi films solely on Bollywood Hungama.