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Feb 08, 2025 06:10 PM IST
The Malayalam movie producers, distributors and exhibitors claimed that 2024 noticed extreme monetary losses regardless of movies turning into essential hits.
2024 appeared like yr for the Malayalam movie business, with hits like Manjummel Boys, Premalu, Aavesham, The Goat Life and Marco. Nevertheless, the producers, distributors and exhibitors declare that the movie business suffered main monetary losses that yr for varied causes. In addition they warned of a shutdown from June 1 ought to these points not be resolved. (Additionally Learn: Basil Joseph talks about veering off comedy in Ponman: ‘Needed to experiment as an actor’)
Producers warn of business shutdown
A NewsMinute report states that movie producer G Suresh Kumar introduced the choice on Thursday after a gathering with producer associations, exhibitors, distributors, and the Movie Workers Federation of Kerala (FEFKA). “Of the 200 movies that had been launched final yr, solely 24 ran efficiently. The loss confronted by producers of the remaining movies got here to 600 to 700 crore rupees,” he instructed the press. He additionally acknowledged that talks with stars haven’t been profitable as they agreed to phrases throughout conferences, however issues haven’t modified. The producer additionally referred to as out OTT platforms for being solely in movies that do properly in theatres and setting costs accordingly.
The associations mentioned how remuneration charged by stars and technicians, aside from the leisure tax levied by the federal government, has put them in disaster. Representatives of the associations reportedly shared, “Manufacturing prices have elevated several-fold in the previous couple of years. Malayalam cinema can’t maintain this. Artists’ remuneration is the most important situation, and so they don’t have any dedication to the business. The federal government can be of no assist. After the One Nation, One Tax scheme was launched, the leisure tax, along with the GST, now totals 30% of the gross.”
It has been introduced {that a} symbolic strike can be held earlier than the Secretariat in Thiruvananthapuram forward of the June 1 shutdown.
Malayalam movie business’s losses in 2024
IE reported final yr that the Kerala Movie Producers’ Affiliation launched a press release on the losses confronted by the Malayalam movie business. They harassed the necessity to deliver individuals again to the theatres in 2025.
Movies like Manjummel Boys, The Goat Life, Aavesham, Premalu, and ARM carried out properly, making over ₹100 crore this yr, turning into the business’s highest-grossers. Movies like Kishkinda Kaandam, Guruvayur Ambalanadayil and Varshangalkku Sesham introduced in over ₹75 crore.
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