Tollywood suffers 120 Cr loss due to protests!

The Samaikyandhra protests and agitations in Andhra Pradesh and Rayalaseema regions seem to have a bad effect on Telugu film industry and there has been an estimated loss of Rs 120 crore. It is estimated that Yevadu and Attarintiki Daredi are at a loss of minimum 15 Crs as makers have to pay the interest on the money they borrowed. However, Telangana seems to be unaffected by these disturbances at this time and from what we hear few small movies released recently will have to face empty theaters in andhra region due to protests. Sources say that some of the exhibitors in Seemandhra are not interested in screening new movies because of the bandhs.

Furthermore, it is heard that couple of shows per day will be screened despite the bandhs in some theaters since the entertainment tax is fixed and has to be paid in spite of the occupancy rate in the movie theatres in order to lessen the loss and be able to give the salaries. Many high budgets films are stuck because of these agitations and it has been predicted that if these situations continue, the industry will suffer a huge amount of loss.

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