Sunday, May 5, 2024
Google search engine
HomeEntertainmentHow OTT platforms are becoming a getaway for flop Bollywood movies

How OTT platforms are becoming a getaway for flop Bollywood movies

[ad_1]




Shamshera released in July after delays due to Covid-19 and vanished from theatres within three weeks to stream on Amazon Prime on August 19, marking a now-familiar getaway for flop .


The movie, starring Ranbeer Kapoor and produced by Yash Raj Films, is in ‘India’s top 10 today’, Amazon Prime’s showcase of popular content.


Shabaash Mithu, a Rs 30-crore budget film starring Taapsee Pannu and based on cricket, failed to draw audiences to theatres and collected an estimated Rs 2.14 crore at the box office. A month after its theatre release, it was put up on Netflix to earn critical and audience appreciation. The movie led Netflix’s ‘Top 10 in India today’ for two consecutive weeks and remains in the showcase after leaving the top slot.


Jersey, made for Rs 80 crore and released in April 2022, received satisfactory reviews but failed to charm theatre audiences while receiving appreciation at Netflix. Jayeshbhai Jordaar (released in May 2022) and Runway34 (April 2022), produced by Ajay Devgn Ffilms, flopped too. Samrath Prithviraj (May 2022) is a Rs 150 crore movie on the life of Samrat Prithviraj played by superstar Akshay Kumar. The film released on OTT within weeks after facing empty shows at cinemas.


Sandeep aur Pinky Faraar (2021) was a Netflix favorite for weeks, but before that the movie made for Rs 20 crore failed to earn a crore at the box office. Made for an estimated Rs 168 crore, Akshay Kumar-starrer Bell Bottom (2021) made a worldwide gross collection of Rs 50 crore. Audience favorite Ayushman Khurana had two of his movies–Chandigarh Kare Aashiqui (released in 2021) and Anek (2022)–failing at the box office and then finding recognition on Netflix. Chandigarh Kare Aashiqui became the most-streamed content on Netflix within 24 hours of its on January 7, 2022.


The time gap between the theatre and OTT release of has reduced to weeks. Shamshera, Shabaash Mithu, Jayeshbhai Jordaar, Samrat Prithviraj, Chandigarh Kare Aashiqui, Anek, and Bell Bottom are just a few that released on OTT within a month after their theatre release.


According to a report by Statista, average price for a PVR movie ticket in India was Rs.207 for FY19 excluding transportation and other expenses, while provide content in abundance at less than half of the cinema cost. OTT subscribers don’t have to pay anything ‘extra’ for watching a movie. “Content does not always matter. Many films with poor storyline get box office numbers. are preferring which already had a box office release despite considering if it was a flop,” says Ajay Brahmataj, a film critic.


“Every viewer has a distinct movie taste. Many times, a film fails to work at the box office due to initial reviews and criticism. OTT release gives a fresh chance to the viewers to watch and interpret the movie once again”, says Manish Pandey, journalist at Outlook magazine.


A PTI report quoting research by State Bank of India said the Indian OTT market will do what multiplexes did to the VCR segment in the early 2000s. OTT will become a Rs 12,000-crore industry by 2023, up from Rs 2,590 crore in 2018. It has already chipped away 7-9 per cent of the industry’s revenue.













Movie

Theatre release date

OTT release date

Platform

Shamshera

22nd July 2022

19 August 2022

Amazon Prime

Shabaash Mithu

15 July 2022

11 August 2022

Netflix

Chandigarh Kare Aashiqui

10 December 2021

7 January 2022

Netflix

Samrath Prithviraj

3 June 2022

1 July 2022

Amazon Prime

Jayeshbhai Jordaar

13 May 2022

10 June 2022

Amazon Prime

Anek

27 May 2022

26 June 2022

Netflix

Bell Bottom

19 August 2021

16 September 2021

Amazon Prime

Jersey

22 April 2022

20 May 2022

Netflix

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor



[ad_2]

Source link

RELATED ARTICLES
- Advertisment -
Google search engine

Most Popular

Recent Comments