India

INDIA: 'Raanjhanaa' Takes the Top Spot as 'Yeh Jawaani Hai Deewani' Drops to Third on June 28, 2013

Raanjhanaa was the hot new domestic film at the Indian box office this week, taking the top spot after grossing $5.4 million from 1,354 theaters. The drama directed by Anand L. Rai opened in North America last weekend and rounded out the week with a $562,661 take.

Fukrey came in second place with a $1.7 million tally in its second weekend in India. The Indian cume for the comedy film currently stands at $4.7 million. Fukrey has grossed a total of $122,783 in North America during the same timeframe.

Yeh Jawaani Hai Deewani slipped to third place in India this week. The film has been a blockbuster success in its own country, currently posting a $30.8 million total. Yeh Jawaani Hai Deewani has also been a hit abroad, grossing $3.6 million from North America.

Weekly Box Office Results for Domestic Films in India.

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INDIA: 'Yeh Jawaani Hai Deewani' Breaks $35M Global on June 22, 2013

Yeh Jawaani Hai Deewani continues to rule the Indian box office after a third consecutive week as the number film in the country. The Bolylwood film is on the verge of hitting a $30 million cume in its home country and has already amassed a $3.5 million total in North America. That brings the worldwide cume of the latest Bollywood blockbuster to $35.1 million.

Fukrey opened across 883 screens to second place after a $2.9 million weekly gross. The film went on to add $104k from 57 locations in North America.

Box Office Results for India.Week Culminating on June 21, 2013

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India Seeks Closer Ties to Chinese Film Industry on June 18, 2013

China will be the guest country at next year's India International Film Festival at Goa, according to a report from the Times of India.

The invitation comes on the heels of the success of Bollywood film 3 Idiots in China, a promising sign for the Indian film industry. China has steadily risen to become the second most important film market in the world. Indian films will hope to have an easier time to get past China's strict import quota for foreign films.

The closer ties will reportedly begin at the educational level, with the Film and Television Institute of India and the Beijing Film Academy agreeing to promote an exchange program for their students. A source for the Times of India, however, indicated that in short term China will be looking to screen more classical Bollywood films than more recent productions. The goal in this collaboration would be for relaxed restrictions for Indian films in regards to China's import quotas.  

Indian Broadcasting Minister Manish Tewari met with Cai Fuchao, the director of China's State Administration of Radio, Film, and Television, to hold talks over closer collaboration between the countries' film industries. A presence in China would come as a great boost for the Indian film industry, which already has a healthy presence in other major film markets like the United Kingdom and North America.

 

$3.5M Debut for 'Man of Steel' in India on June 17, 2013

MOSSTill.jpegMan of Steel had a great opening weekend in India, posting a $3.5 million gross from 754 screens. Zach Snyder's Superman reboot only ranks behind Christopher Nolan's The Dark Knight Rises as the second biggest debut for a Warner Brothers release in India. Man of Steel grossed $71.4 million from a day-and-date opening in 24 overseas markets. The film also dominated the North American box office, performing well above expectations with a $125 million opening weekend. Man of Steel will continue a larger overseas roll-out throughout the next couple of weeks. China, France, Germany, Italy, and Spain are on the horizon as Man of Steel opens in 26 additional markets this upcoming weekend. 

A New Tax Might Make Bollywood Films More Expensive in Pakistan on June 14, 2013

A new tax proposed by Pakistan's Finance Minister, Ishaq Dar, is threatening the financial viability of Indian and Hollywood films in the territory, according to a report from Jagran Post.

The tax would apply to films and television programs produced outside of Pakistan, bringing in about $10,147 per film (Rs 1 million in local currency) and $1,014 per television episode (Rs 100,000 in local currency). According to the report, a number of multiplexes in hubs like Karachi and Rawalpindi exclusively screen Bollywood content. The publication suggests the increase might lead to higher ticket prices at multiplexes across the country, where Bollywood and Hollywood films have proven to be popular imports. The higher ticket prices would mitigate the financial hit for distributors and exhibitors, at the extra cost of Bollywood fans across Pakistan. 

 


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