South Indian Films Takes Over Bollywood in Box Office Collection
Hyderabad: With beautiful songs composition and film concepts, South Indian films challenge the Bollywood films at the box office. The latest film ‘Pushpa: The Rise’ of the south Indian Film actor, Allu Arjun, got fantastic responses and love from the fans.
According to the media report, Three South Indian Actors Rajinikanth (Rs 100 crores), AR Rahman (Rs 94.8 crores), and Mohanlal (Rs 64.5 crores) were getting paid way more than Bollywood stars in 2019.
In 2021, Telugu cinema emerged as the largest film industry in terms of the box-office.
Numerous Indian film industry experts believe, the country’s cinema in the South and its actors are not far from taking over Bollywood, though a few assert regional films are already calling the shots if box office revenues are a yardstick to measure the successes in this context.
A media report says, according to industry estimates – the South Indian film industry (Tamil, Telugu, Malayalam, and Kannada) clocked Rs 1040 crore as compared to Hindi speaking markets where box office collection had stood at Rs 870 crore (Pak Rs2043.61 crore) in 2020.
Eminent German data website ‘Statista’ – which contains more than 1,000,000 statistics – on more than 80,000 topics from more than 22,500 sources and 170 different industries, and generates a revenue of about €60 million writes that, “South Indian films generated a revenue of 12.3 billion rupees in that year, compared to 39 billion rupees in 2019.
Bollywood films suffered an even Greater decrease, bringing in just 9.3 billion rupees in 2020. The year 2020 saw box office revenues across all segments of the Indian film industry fall drastically compared to the previous years.
The Indian film industry is expected to clock in estimated revenues of $4.3 billion (approximately Rs 33,000 crore) by FY24 from $2.7 billion in FY19.
Research shows that Indian cinema produces more than 1,800 movies annually. As of 2018, India was ranked first in terms of annual film output. In 2015, India had a total box office gross of US$2.1 billion, the third-largest in the world. The overall revenue of Indian cinema had rested US$2.7 billion in 2019.
(_Vinayak)
