Mumbai: 100 percent tariffs on films produced outside the announcement of US President Donald Trump were threatened and coming to the US will affect the box office business of Indian films and there may be a dramatic decrease in theaters in theaters in that country, calling the producer in India.
Although there is very little clarity so far, the fear is that ticket prices for Indian films will go up and therefore affect the business, according to a part of the inner sources of the industry, which includes Shibasish Sarkar, Producers Guild of India president, filmmaker Vivek Agnihotri and the exhibitor-dystriber Akshay Rathi.
“It is a little early to comment on this because whatever tariff has been announced in the last 30 to 45 days is going through various changes and discussions … but if it comes into force, the first effect is on the dramatic business of our films in the US market,” the government told PTI.
He said that Indian films are gross around 100 million (more than Rs 800 crore) at the US box office.
“If this tariff is applied, the exhibitors will increase ticket prices and will be expensive for consumers, as even footfalls will fall dramatically. If the exhibitors want to absorb the price, they will pass that loss to the producers, so their share will also be very low. In any way, somehow, there will be an impact on the manufacturer of the manufacturer,” in a post on the manufacturer, ” On Sunday, he said that he has “authorized the office of the Commerce Department and the American Trade Representative to slap all the films coming in our country and all the films that are produced in foreign land”.
Agnihotri, known for films like “The Kashmir Files” and “The Teashant Files”, agreed with the government and said that if these tariffs are implemented then the ticket prices of Indian films will rise.
“Diaspora Market, which is sensitive, became a revenue source for Indian films. Films like ‘Jawan’ and ‘Bahubali’ did good business outside India. If ticket prices doubled (in America), I don’t think anyone will watch them in the theater, especially when films will be available in films as non-doses’ and ‘RRR’ and ‘RRR’ and ‘Fire’. Told PTI.
The government said that in addition to the impact on the dramatic release of local films in the US, these tariffs will be paid global digital and TV deals for Indian producers.
“If American consumers are looking at Indian content and identifying it identified, it will have an impact. By reading plain, it seems to be any revenue of Indian content, which originates in the US, attracts tariffs, so it will have an impact on us.” Indian films released in the US will have to face high taxation, so the contribution of Indian films from the North American box office will be reduced, the exhibitor-vitruk rathi said.
Rathi said, “The way he played tariff war in different countries, it was a different tariff for different countries. You know for all, it can be a more liquid thing, which can be a more liquid relationship with America and can be a bit more favorable for India than other countries.”
However, Trump’s tariff danger cannot affect filmmaking as most Indian producers find an expensive place to shoot us. The government said, “President Trump’s primary objective is that if American films are shooting outside the US, they are losing opportunities. Some films come to India to shoot. It will also be impressed,” the government said.
Mukesh Bhatt, the producer of Visesh films, took a little different.
In his view, Trump’s new announcement will have little impact on the Indian film shoot and business in the US as the country is one of the many markets for migrant audiences.
“There is a presence of Indians in Britain, Middle East, Singapore, Australia and all over the world. If my film is not released in a market (America), it does not make much difference. It’s a ridiculous thing that he is doing. He does not even feel that he is killing Hollywood. We are talking for a mutual time, and we said that” Bhatti said. “
According to an experienced filmmaker, most Indian films are not shot even in the US as it is an expensive case.
He said, “Hindi films are usually shot in the UK because they give us a subsidy, and in other places around the world,” he said.
Another prominent Indian manufacturer, who was not named, resonated Bhatt.
“Our films are not shooting in America. Indian films are usually shot in UK, Mauritius or Malaysia and other countries. Wherever we get subsidy, we go there and go there,” he said.
According to director Shekhar Kapoor, Trump’s step could have retreated and instead Hollywood could push filmmakers to leave the country.
Kapoor is known for films like “Mr. India”, “Elizabeth” Franchisee, which is said to “Whats Love Got to do with it?”, Hollywood films “75% box office”, which comes from outside the US.
“And the important part of the budget of those films is spent outside the US. The implementation of 100% tariffs on all films imported by President Trump to America can be encouraged to go out of America! Unlike what he has intended.
(This report has been published as part of an auto-linked syndicated wire feed. Except for the headline, the material has not been modified or edited by ABP Live.)
