The pandemic is the worst crisis the film industry has ever witnessed. Everything came to a standstill and after a long gap, the film industry resumed the shootings. However, the post-pandemic period was not that friendly for the film industry as the budgets were increased massively.
On top of the soaring budgets, the success rate in the industry has come down and this is a big concern for the industry and the makers. Unfortunately, there is no formula for hit films and no one can decide which film will end up as a hit at the box office.
As the hit percentage cannot be changed in the industry, the producers are believed to be working on cutting the production cost so that the losses will be reduced and the producers will not have to worry about the cost of filmmaking.
It is a known fact that the heroes have a mighty fan base and asking them to reduce their remunerations would make them feel bad and they might not sign the project. Directors are the driving force of the film and directors might not make a sacrifice.
Amid this, it is said that the Producers' Guild in Telugu Film Industry met for a key meeting and the issues related to reducing the production cost are believed to have come for discussion.
Grapevine says that the producers might ask the leading character artists to make a big sacrifice by cutting down the remuneration they charge for a film.
Besides this, the producers are likely to encourage character artists who charge less remuneration. We have to wait and see what the producers have to offer and will they taste success in persuading the character artists to go for less remuneration.
On top of the soaring budgets, the success rate in the industry has come down and this is a big concern for the industry and the makers. Unfortunately, there is no formula for hit films and no one can decide which film will end up as a hit at the box office.
As the hit percentage cannot be changed in the industry, the producers are believed to be working on cutting the production cost so that the losses will be reduced and the producers will not have to worry about the cost of filmmaking.
It is a known fact that the heroes have a mighty fan base and asking them to reduce their remunerations would make them feel bad and they might not sign the project. Directors are the driving force of the film and directors might not make a sacrifice.
Amid this, it is said that the Producers' Guild in Telugu Film Industry met for a key meeting and the issues related to reducing the production cost are believed to have come for discussion.
Grapevine says that the producers might ask the leading character artists to make a big sacrifice by cutting down the remuneration they charge for a film.
Besides this, the producers are likely to encourage character artists who charge less remuneration. We have to wait and see what the producers have to offer and will they taste success in persuading the character artists to go for less remuneration.