Over the past quarter, the Hindi film industry has experienced a remarkable resurgence in its fortunes. Interestingly, this revival is not limited solely to a select few blockbuster productions. Instead, both mid-budget and small-budget films are achieving notable success.
Could this year mark a true revival for the beleaguered Hindi film industry?
Let’s delve deeper to gain a comprehensive understanding.
UNPRECEDENTED EVENTS
Over the past four years, the Hindi film industry has witnessed greater volatility than in the previous decade. Prior to the coronavirus pandemic, the industry faced major challenges. Films produced in Hindi struggled to excel in the crucial aspect of entertainment.
Filmmakers seemed to have forgotten the grammar of filmmaking, principles that regional filmmakers had faithfully upheld. One of the primary reasons for the Hindi film industry’s struggles was that many films were being made by individuals who crafted their work solely by watching existing films instead of being innovative.
Scholars and analysts have emphasized that the prevailing culture in the Hindi film industry has not been conducive to creating entertaining films.
Studio decision-makers and financial backers were primarily fixated on discovering a formula for producing money-making films. Unfortunately, this approach undermined the importance of writers while placing disproportionate importance on movie stars.
Consequently, stars guaranteed a certain initial box office collection for a film, but they couldn’t sustain these collections over time. This was because of the simple fact that the presence of stars couldn’t compensate for the absence of a compelling and entertaining story in the film. As a result of this myopic approach, more than 70% of Hindi films released in 2022 flopped miserably.
This story is from the September, 2023 edition of Beyond Market.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the September, 2023 edition of Beyond Market.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
PRUDENT PRACTICES
Banks worldwide navigate a complex balancing act, steering economies toward growth while safeguarding financial stability through thoughtful management of interest rates and credit risks
RETAIN ROULETTE
Inexperienced investors spin the market wheel, chasing dizzying valuations and risking a bubble burst
UNRAVELED THREADS
Bangladesh's crisis disrupts global textiles, offering India a potential opportunity, but production constraints limit its gains
PASSING THE BATON
Succession planning helps ensure uninterrupted leadership
RISKY BUSINESS?
SEBI's efforts to protect retail investors from derivatives market risks could inadvertently dampen market volumes
INFLATION-PROOF YOUR CHILD'S FUTURE
Inflation might be stealing your child's future, but children's mutual funds can be their superhero
EMBRACE UNCERTAINTY, SAYS MARKS
Howard Marks urges investors to embrace uncertainty, long-term thinking, and focus on controllables, shunning in his memo “The Folly of Certainty”
IMPORTANT JARGON
70% OF INDIVIDUAL INTRADAY TRADERS IN THE EQUITY CASH SEGMENT MAKE LOSSES, FINDS SEBI STUDY
AN ASCENT T'O NEW HEIGHTS
The IMF predicts India's economy to reach 55 trillion by 2047, driven by various economic indicators showing positive growth and government initiatives
CARRY TRADE CRASH: GLOBAL MARKETS REEL
Japan’s Policy Shift Sends Shockwaves Through Global Markets, Including India, as Yen Carry Trade Disintegrates