“According to analysts, it will take more than a year for movie business to get back to its normalcy,” Rajamouli observed about the impact of the corona. There is a consensus among the producers that audiences may not throng to the theaters immediately.
Both the domestic and overseas markets will witness a dip in collections. The USA has also been badly affected by COVID-19.
Cutting down the production cost is the only way to forward for the current biggies until the situation improves. The remunerations of top heroes and directors occupy a major chunk of a big movie’s budget.
Besides taking fat paychecks, all top heroes these days are demanding a stake in the profits. Perhaps, this trend will have to go now. Producers may not afford such high demands in the current situation.
There is a talk that leading producers will convene a meeting next month to assess the impact of the coronavirus and ask directors and stars to take a cut in their remuneration of the movies that are about to release later this year.
They are anticipating that distributors will also not honor the price they had earlier agreed upon. They may settle for a lot less price. Hence, remunerations need to be cut.