Rising Covid cases dampen hopes of India box office touching Rs 2,000 crore in Q1

Just when India’s box office business was seeing a strong recovery, rising cases of Covid-19 and its new variant, Omicron, have slowed the growth momentum. The release of big-budget films has been pushed after some states asked theatres to close and others restricted capacity. These factors are once again putting pressure on the box-office business. According to film producer and trade business analyst Girish Johar, Indian films were estimated to earn Rs 1,500-2,000 crore during the first three months of 2022. However, the concerns over a likely third wave of coronavirus infections has dampened hopes of…

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