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Leading Producer in financial crisis
By: Tupaki Desk | 24 Nov 2016 11:34 AM GMT
Demonetization has affected Telugu Film Industry in many ways. While shootings were stalled, releases got postponed and new projects have been shelved already, Industry is expecting 25% drop in the no. of films from Year 2017. At least 50% of the money invested on films falls under unaccounted category. Why would Black Money holders invest on movies if everything comes under the 'white' bracket?
If the reports are to be believed, A Leading Producer who is currently producing multiple projects is facing the cash crunch after the announcement of Demonetization. He wasn't in a position to borrow crores from Financiers no one is having such a huge amount after note ban. As a result, The money rotation activity he usually does came to a halt.
With debts growing bigger, The Producer had no clue when he could resolve all of his troubles. Financiers who had given him crores prior to Nov 8th were showing some patience until now. But, How long could they wait for recovery of their investment?
If the reports are to be believed, A Leading Producer who is currently producing multiple projects is facing the cash crunch after the announcement of Demonetization. He wasn't in a position to borrow crores from Financiers no one is having such a huge amount after note ban. As a result, The money rotation activity he usually does came to a halt.
With debts growing bigger, The Producer had no clue when he could resolve all of his troubles. Financiers who had given him crores prior to Nov 8th were showing some patience until now. But, How long could they wait for recovery of their investment?
