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Covid-19 shatters silver screen hopes for Bollywood; recovery to take 2 yrs

About 9,500 theatres are shut, and business at multiplexes and single-screen cinemas is unlikely to bounce back for weeks or even months

Covid-19 shatters silver screen hopes for Bollywood; recovery to take 2 yrs
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Shares in India's two largest multiplex operators, PVR and INOX Leisure, have plunged more than 40% from all-time highs in late February.

Reuters
India's Hindi film industry, purveyor of song-and-dance spectacles to millions, will take at least two years to recover financially from the coronavirus pandemic, which is threatening big-ticket projects, putting at risk tens of thousands of jobs.
That was the sombre assessment of about a dozen top producers, distributors and actors from Bollywood, the movie industry in Mumbai, during a video conference this week, one of the participants said.
"Making movies has always been a gamble, and now some of us can pack up for the next year," said a film-maker responsible for many successful action movies, on condition of anonymity. "We will

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