This is the actual situation in Telugu Film Industry after Prime Minister Narendra Modi declaration of abolishing the Black Money with a ban on existing Rs 500 and Rs 1000 currency notes.
Few Movie Shoots have been stalled Today due to cash crunch. People aren't ready to accept old notes with higher denominations.
On the other hand, Producers, Distributors and Exhibitors are in a dilemma whether to release films any time soon. People are yet to withdraw new currency notes from ATMs, Banks and Post Office. At least, Few weeks were required for the situation to settle. Producers of 'Sahasam Swasaga Saagipo' and 'Intlo Deyyam Nakem Bayyam' fear releasing movies now would have a huge impact on the revenues.
Few Projects which are in the pre-production stage might get cancelled after GOI's bold move. Many Producers & Financiers invest their Black Money on films. So, There is every chance of negative impact on such projects.
Few Movie Shoots have been stalled Today due to cash crunch. People aren't ready to accept old notes with higher denominations.
On the other hand, Producers, Distributors and Exhibitors are in a dilemma whether to release films any time soon. People are yet to withdraw new currency notes from ATMs, Banks and Post Office. At least, Few weeks were required for the situation to settle. Producers of 'Sahasam Swasaga Saagipo' and 'Intlo Deyyam Nakem Bayyam' fear releasing movies now would have a huge impact on the revenues.
Few Projects which are in the pre-production stage might get cancelled after GOI's bold move. Many Producers & Financiers invest their Black Money on films. So, There is every chance of negative impact on such projects.