Active Stocks
Tue Apr 16 2024 11:14:33
  1. Tata Steel share price
  2. 161.75 0.53%
  1. NTPC share price
  2. 360.90 -0.12%
  1. HDFC Bank share price
  2. 1,499.75 0.32%
  1. Infosys share price
  2. 1,435.75 -2.22%
  1. ITC share price
  2. 425.50 -0.09%
Business News/ Industry / Media/  Single screen cinemas pin hopes on ‘Fast & Furious’ franchise
BackBack

Single screen cinemas pin hopes on ‘Fast & Furious’ franchise

The Hollywood hit franchise is releasing its ninth instalment this Friday, including dubbed versions in Hindi, Tamil, Telugu, and Kannada

The action franchise Fast & Furious is very popular in small-towns. Its 2015 instalment was the first Hollywood film to cross the ₹100 crore mark in India.Premium
The action franchise Fast & Furious is very popular in small-towns. Its 2015 instalment was the first Hollywood film to cross the 100 crore mark in India.

NEW DELHI : Single screen cinemas across the country are pinning hopes on Hollywood hit franchise Fast & Furious that releases its ninth instalment this Friday, including dubbed versions in Hindi, Tamil, Telugu, and Kannada.

The action franchise is very popular in small-towns. Its 2015 instalment was the first Hollywood film to cross the 100 crore mark in India.

Reopening their cinema halls after the second covid wave has not borne fruit for single screen theatres. While Akshay Kumar’s Bellbottom didn’t draw crowds, many theatres could not screen it on account of steep minimum guarantees.

Many are considering not renewing their licences and convincing local authorities for permits to convert to other businesses.

In the south, cinemas continue to struggle with curfews and restrictions on night shows besides ceiling on ticket prices.

F9 is a huge brand in India and has its own set of loyalists," said Bihar-based independent exhibitor Vishek Chauhan agreeing that the Hollywood film would have dented the business of Bellbottom had they released on the same day, as was initially planned.

The film release was pushed forward to be able to cash in on the opening of the south Indian market since its major territories, include Andhra Pradesh, Telangana, and Karnataka, and has particular appeal for young students, according to Pranav Garg, managing director of Maya Palace, a two-screen cinema in Muzaffarnagar.

“While Hollywood content has traditionally represented a modest share of box office collections, we’re doing all we can to safely accelerate the revival of cinemagoing in India," Denzil Dias, managing director, Warner Bros. Pictures, India, had said in an earlier interview to Mint, referring to the company’s upcoming slate. Warner will be distributing F9 in the country.

The one handicap for most Hollywood films in India is that they only go to DCI (Digital Cinema Initiatives)-compliant theatres, ensuring they are completely out of reach for the non-premium single screens in tier-II towns. While hundreds of single screens are DCI compliant, some really small-town ones may not be.

DCI is a joint venture of several film studios, including Metro-Goldwyn-Mayer, Paramount Pictures, Sony Pictures Entertainment, 20th Century Fox, Universal Studios, The Walt Disney Company and Warner Bros, to set up a common set of requirements that ensure a high and uniform standard of digital cinema viewing.

With cinemas remaining shut in Maharashtra and several others not having opened up fearing the third wave, has resulted in a 1,000 screen count for F9, half of what it would have notched up in pre-covid times.

Other than restrictions, the lack of exciting new fare remains the biggest challenge for single screen cinemas that are trying to negotiate with local authorities to waive fixed electricity charges and in many cases, haven’t been able to settle employees’ dues. Just to be able to reopen for Bellbottom, many would have had to invest 20 lakh- 25 lakh on upgrading sound and projection systems. Big-budget films such as RRR and KGF-Chapter 2, incidentally both southern films that will be dubbed in Hindi, are highly anticipated in north India but have already been moved to early 2022 when the situation will be better, their makers feel. After F9, single screens do not have anything to look forward to in the near future.

“Families haven’t begun coming back to theatres yet. Either they are still scared (of infections) or are satisfied with what is on offer on OTT (over-the-top) platforms," said Dinesh Gupta, owner of Dimple Cinema in Karnal.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

ABOUT THE AUTHOR
Lata Jha
Lata writes about the media and entertainment industry for Mint, focusing on everything from traditional film and TV to newer areas like video and audio streaming, including the business and regulatory aspects of both. She loves movies and spends a lot of her free time in theatres, which makes her job both fun and a bit of a challenge given that entertainment news often just talks about the glamorous side of things. Lata, on the other hand, tries to find and report on themes and trends in the entertainment world that most people don't notice, even though a lot of people in her country are really into movies. She’s a graduate of the Columbia School of Journalism.
Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 03 Sep 2021, 01:29 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App