Out Of 220, Just 4 Hit Malayalam Films In 2023; Estimated Loss Of Rs 300 Crore – FilmyVoice
Thiruvananthapuram, Dec 21 (IANS) If Covid took a heavy toll on Malayalam movie trade in 2022, 2023 seems to be worse with simply 4 movies launched in theatres that turned hit, whereas one other 12 movies managed to interrupt even, because of the OTT launch.
As 2023 involves an in depth, there can be round 220 Malayalam movies launched and with simply 16 movies bringing within the cash for the producers, the Producers Affiliation has estimated the whole loss can be round Rs 300 crores.
The 4 movies that turned out to be a success within the theatres are ‘2018’, ‘Kannur Squad’, ‘RDX’ and ‘Romancham’.
B. Rakesh, Secretary of the Affiliation mentioned issues doesn’t augur nicely for Malayalam movie trade in response to the collections.
“Simply 4 Malayalam movies turned hit when working within the theatres, whereas 12 others managed to interrupt even, because of OTT launch,” mentioned Rakesh.
Rakesh factors out a number of causes for the poor efficiency, the excessive value of manufacturing being one in every of them.
“The remunerations are excessive, then unfavorable insurance policies of the state authorities as there’s a double tax being levied for the movie trade which isn’t there in different states. The charges for capturing being charged by the state authorities additionally has been hiked massively,” Rakesh added.
He additional identified that 90 per cent of those that ventured into movies this time are new individuals.
“We all know of movies that haven’t even collected a single rupee. This time there have been extra movies and the price of manufacturing ranges from as little as Rs 10 lakh to as excessive as Rs 10 crore,” he mentioned.
The most important grosser this yr turned out to be ‘2018’, a movie made on the premise of the worst ever floods seen within the state in 2018.
Famous person Mammootty additionally had a wonderful run which noticed his movie ‘Kannur Squad’ bringing in enormous revenues additionally did ‘Kaathal’, whereas ‘Nanpakal Nerathu Mayyakam’ received him uncommon critiques.
Whereas famous person Mohanlal didn’t shine as anticipated, now all eyes are on his newest launch to hit the display in few hours is ‘Neru’.
The yr 2023 additionally noticed the passing away of massively in style legendary actors Harmless, Mamu Koya, Poojapura Ravi and Subi Suresh in addition to ace director Siddique.
–IANS
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