Indian Film Industry Box Office Collection: for the Indian film industry year 2023 Had a great year. As much as the Corona epidemic caused damage to the country’s economy, it also caused equal damage to the economy of the film industry. But last year this industry regained its old shine. Now you might be wondering why? So the answer to this will give you data related to the earnings of the industry.
There was a time when there were many walls to stop the earnings of Indian films. The films were watched only by people of the language in which they were made. Despite having good content, these films could not reach many audiences at the linguistic level. However, dubbing of films demolished that wall. And people started watching films of different languages in their own language.
Besides this, there was another wall. The films were reaching the Indian audience, but were not successful in reaching the audience around the world. The work of demolishing that wall was done by ‘Foresight’ regarding promotion and distribution of films. Actors like Shahrukh Khan, Amitabh Bachchan and Rajinikanth helped the most in this work. His films started performing better in many other European countries including America and UK and he also got many fans.
The earnings of Indian films tell the story of the future.
Now if you are wondering why so many things are being talked about. So the reason for that is the amazing figures related to the earnings of Indian films this year. Do you know how much the industry earned last year? The answer is more than Rs 13 thousand crores. These figures related to the earnings of films are based on the Sacknilk website.
This figure is shocking in itself, for an industry whose history is more than 100 years old and which had to crawl on its knees from 2020 to 2022. Such a comeback would be surprising. Even films of big stars started flopping. Due to Corona, people’s employment and other things were affected so much that people became afraid even to go to the cinema hall. But last year brought new enthusiasm.
How did the industry touch this magical figure?
It is a matter of happiness that the film industry is booming. But there is also a negative point in it, which is positive in itself. In fact, if we compare this earning of Rs 13 thousand crores between star power and only actors, then the truth is that more than half of this entire earning has been earned by only 7 or 8 stars of the industry.
Star power has come in handy
Of course, some films were made with small budgets and by actors who lack stardom. But only a few names can touch such a huge mountain-like collection. These names are Shahrukh Khan Whose 3 films alone earned more than Rs 2600 crore. After that come actors like Sunny Deol, Salman Khan, Ranbir Kapoor, Ranveer Singh, Rajinikanth and Prabhas, whose total earnings from their films are half of the earnings of the entire film industry. Let us try to understand these figures from the table given below.
Now if the earnings of these films are added together then it reaches around Rs 6900 crores and this is not final. Because many of the films mentioned above are still running. This figure is more than half of the huge figure of Rs 13 thousand crores.
Industry will have to be visionary
Obviously the industry needs to think. There is a need to increase the reach of films with small budget and good content in the same way. Like a big star’s film is promoted. Films like Vikrant Massey’s film ’12th Fail’ also have the potential to do good business if efforts are made to take films like these to foreign audiences.
Aamir Khan’s ‘Secret Superstar’ is a great example of this. This film was made for only 15 crores and it earned more than 912 crores worldwide. If hard work is done in the distribution and promotion of good films, then these films can give a higher profit margin than any big budget film. Big budget films may earn Rs 1000 crores, but if their budget is Rs 300 crores then the profit margin will reduce. But if a film worth Rs 10 crore earns Rs 500 crore, then imagine how much benefit the people associated with the film and the industry will get?
If the industry is successful in doing this, then the day is not far when Indian films will be able to stand eye to eye with Hollywood and even defeat their best films.