Bollywood has been at the receiving end of the shut down that followed the outbreak of the coronavirus pandemic. Now if the reports are to be believed, films including Akshay Kumar’s starrer Sooryavanshi and Ranveer Singh’s ‘83 might have to face some more loss as the insurance companies do not cover films that have not released in the theatres.
Radhika Madan, Kareena Kapoor Khan and Irrfan Khan starrer Angrezi Medium happen to be the last film that will be covered by the insurance as it saw its release just a day before the theatres were shut.
According to Mumbai Mirror, as senior official working in the insurance sector for films in a chat with the tabloid, said, “Since February, Coronavirus is excluded as a clause for any loss incurred by filmmakers during production. Film releases being postponed or filming rescheduled due to the outbreak are not covered by the policies. While epidemics are usually covered when policies are sold to the clients, Coronavirus has been excluded from pre-existing conditions. It’s like an insurance company won’t cover costs of a surgery if you buy a policy after diagnosis and learn that you need to undergo one.”
Meanwhile, Sumant Salian of the Alliance Insurance Brokers, explained how differing shoots is a precautionary measure and delaying releases a personal call. The film only gets approved for an insurance once it sees its release in the theatre.
Akshay Kumar’s Sooryavanshi and Ranveer Singh’s ’83 were scheduled for March 24 and April 10 releases respectively. The lockdown did not give the two a chance to hit the big screen, thus not making them valid for the insurance.
Trending
The theatres have now been closed for almost a month and they are at the highest loss right now. Talking about the same Sumant said, “If cinemas are shut for a month or two, that loss is irrecoverable, unlike the producers and distributors who can still earn after the release is delayed.”
Sumant added, “Theatres have staff on rosters, so they are bound to pay salaries even if they are shut for a month or so. Moreover, they have fixed costs like rent, electricity and maintenance.”
Apart from Sooryavanshi and ’83 other films that might face the losses are Parineeti Chopra and Arjun Kapoor’s Sandeep Aur Pinky Faraar, Varun Dhawan and Sara Ali Khan’s Coolie No. 1. Meanwhile, Salman Khan’s Radhe and Akshay Kumar’s Laxxmi Bomb seem to be the next in line if the situation does not comeback to normal.
Android & IOS users, download our mobile app for faster than ever Bollywood & Box Office updates!
The post Akshay Kumar’s Sooryavanshi & Ranveer Singh’s ’83 To Face Loss As They Aren’t Covered By Insurance Policies? appeared first on Koimoi.
NEW JOBS IN DUBAI: https://bit.ly/2K5sdmT
NEW JOBS IN DUBAI: https://bit.ly/2K5sdmT
bollywood movies download, bollywood movies download 2020, bollywood movies download sites, full hd bollywood movies download 1080p, filmywap 2019 bollywood movies download, filmywap 2018 bollywood movies download, new movies 2019 bollywood download, best site to download bollywood movies in hd, new bollywood full movies 2018 download, new movies 2018 bollywood download, filmywap 2018 bollywood movies download, full hd bollywood movies download 1080p, new movies 2018 download, new bollywood movies 2018, bollywood free4u, best site to download bollywood movies in hd, filmyzilla punjabi, war full movie download, kal ho na ho full movie download filmyzilla, new south movie 2019 hindi dubbed download, bollywood movies download, bollywood movies download 2020, bollywood movies download sites, main hoon na full movie download filmyzilla, new hollywood full movies 2018 download, new bollywood full movies 2019 download, bigflix, eros now movie download, eros now free subscription, top shows on eros now, free bollywood movies, eros now shubh mangal saavdhan, all movies online, download world movies, bollywood movies download 2018, bollywood movies download mp4, funny film download, download latest american movies 2016, hollywood adventure movies download, download bollywood movies in hd quality, b4u movies download 2019, 1237x, the past 2018 movie download in hindi, free movie download sites for mobile, new bollywood full movies 2018 download, download movies for free online, latest movies hollywood, bollywood movies releasing this week, rdx movies, apnaview hindi movies 2018, yoo movies bollywood, bollywood movies 2018, bollywood movies 2019, latest bollywood movies, bollywood movies download, bollywood movies download 2020, bollywood movies download sites, bollywood movies 2019 download, bollywood movies 2017, bollywood movies download, top bollywood movies 2018, romance bollywood movies 2019, from Bollywood News – Koimoi https://ift.tt/2Xaw9dF
via IFTTT
No comments:
Post a Comment