Coronavirus Effect: TV Industry To Incur Loses Of Over Rs. 100 Crore, Reveals Actor JD Majethia

The coronavirus has caused a pandemic and has forced all across the world to distance themselves from others. Work has almost stopped and people have been advised to stay at home. Industries all over the world have started to crash. The entertainment industry back here in India too is incurring severe losses. We had reported to you that there would be a loss of approximately 800 crores. That’s not all. It looks like the small screen industry too has been severely hit and in the words of actor JD Majethia, the industry will suffer losses of over Rs. 100 crore because of the shutdown.

JD Majethia said that due to the shut down, there would be a minimum 100 crore loss, but he also reassured that there is no panic amongst producers because this is inevitable. He said, “We cannot panic. What will happen with us panicking? Today, the situation is critical, we don’t know what awaits for us tomorrow. We are obviously worried that what will happen because some producers have a bank of episodes and some don’t. Some might repeat and some may run fresh content. We will have to wait and watch. It is the time where you have to keep safety over business.”

He also pointed out at the bright side of the shutdown. He said, “It can happen that maybe a few shows might benefit out of repeats and might get an audience which they perhaps didn’t have earlier. Audience might sample and give new shows a chance and might start following it... Secondly, web series can boom. Because with theatres and malls closed and TV going on re run, people will have spare money and time on hand to watch new shows. Speaking of losses, everybody is incurring losses. The OTT platforms with good content which were waiting for growth, this is an opportunity, especially to launch their new shows and films they have invested time energy and huge money in.”

Well, we can just prey for the difficult times to be over soon.