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Losses All the Way for Bollywood This Year

          MUMBAI: The names are different. The stars are different and the directors too are different. Still, a common thread runs through the films released in recent times - all of them have bombed at the box office. The world's second-largest dream factory is currently living its worst nightmare. It has lost a whopping Rs 290 crore (on an investment of about Rs 1000 crore) this year.

          Romance, patriotism, NRI dreams, nothing seems to be working. Predictions have been made that the cine-goers are tired of the wad of star-spangled visual bubblegum, which usually dominates Bollywood. Customarily, the ratio of hits is about 15-20 per cent and this year only 7-8 per cent of films have managed to generate any business. Sanjay Leela Bhansali's, Devdas, an opulent film based on Sarat Chandra Chattopadhyay's tragic love triangle, however, managed to register around Rs 45 crore turnover for the distributors alone.

           The hit parade remained puny, led by Vikram Bhatt's Rs 5 crore spook show Raaz that raked in Rs 20 crore. The two Bhagat Singhs together incurred losses of nearly Rs 33 crore. Ram Gopal Verma's underworld epic Company registered a Rs 4.8 crore loss. The film won more critical acclaim than monetory returns. Salman Khan's Tum Ko Na Bhool Payenge, a tried and tested rebirth theme made with a budget of Rs 20.5 crore, registered a Rs 4 crore loss.

           Diwali, usually the most upbeat time for the business, sent the industry in mourning with new films like Jeena Sirf Merre Liye, Annarth, Dewangee, Road and Mujhse Dosti Karoge sinking without a trace. Distributors, stung by flops, have realised the futility of spending money blindly on films when cash counters are drawing a blank.

          Manoj Desai, the leading film exhibitor expresses his anguish against the producers who have started giving away their satellite television rights soon after the films are released at the theatres causing a dip in the business. But is this just another bad year or are people not interested in Hindi films any more? Why can't Bollywood formula connect with the masses any longer? Is it due to lack of talent? These are some questions that merit answer.

           Shyam Benegal whose critically acclaimed Zubeida starring Karishma Kapoor and Manoj Bajpai was released recently on a TV channel, reacted to the rough phase that the industry has been undergoing. Despite the lull, there's lot happening beneath the surface. More than anything else, Bollywood today needs an innovative vocabulary that is low on cliches.

November 28, 2002

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