₹300 crore mark within India alone at last count. Meanwhile, Gadar 2, released mid-August, has crossed the ₹515 crore mark at last count, while Pathaan had earned ₹543 crore in January. “Theatre owners are aware this isn’t a year-long phenomenon and are looking to tie up with chains or convert (into two or three-screen multiplexes) in order to sustain," said Ashutosh Agarwal, owner of Star World Cinemas in Uttar Pradesh.
Filling up an 800- or 1,000-seater cinema is going to be increasingly impossible, Agarwal said, and the only solution is to split the property into 200-300 seaters and play multiple films at the same time. “While stars like Shah Rukh Khan or Salman Khan turn older, no new or fresh faces are finding the same kind of draw. Plus, music isn’t that great nowadays.
These are huge worries for the industry," Agarwal said. That said, single screen owners find it heartening to see film-makers realize the potential of catering to the lowest common denominator among the audience, and the kind of footfall that small-town audiences can bring when films appeal to their sensibilities. Despite reasonable ticket pricing, these small screens have brought in 35-40% of overall revenues in case of mass-market hits such as Gadar 2, according to theatre owners and trade experts.
“By virtue of their ATP (average ticket price), multiplexes aren’t meant for the common man, but only a certain privileged and wealthy class. An overwhelming majority of this country can only afford to single screen cinemas and it makes sense for any film-maker to cater to them instead of the hyper niche. The past few months that have flipped the ratio (in favour of small-town theatres) have been an eye opener," independent exhibitor Akshaye Rathi said.
. Read more on livemint.com