B´wood awaits four big-budget films to cheer industry gloom

- Planet Bollywood Special Correspondant           Let us know what you think about this story

"This year it will be difficult for Bollywood to equal previous year's growth due to the global economic meltdown in the market. But why blame only the market, even filmmakers are not producing good films. Banks are not ready to give money. After big budget films like Drona, Kidnap and Karzzzz bombed at the Box Office, it forced corporates to take a long hard look at their finances," says film trade analyst Taran Adarsh.

And what would happen to fat paychecks of 40-50 crores to numero uno's of Bollywood? "It will certainly have an impact over the soaring stars fees and budget of the film," he adds.

Ramesh Taurani of Tips says that this is a temporary phase and it will get over. "There is a correction in the prices of everyone from technical staff to stars, which is good as some of the actors were demanding sky high prices. It is also affecting the selling prices of distribution rights." Filmmakers who normally used to get easy loans from banks to produce their movies are no more finding lenders as the current global financial instability making the condition worse and banks refusing to give funds to Bollywood that received an industry status, a few years ago.

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