Movies

There is a need for uniform tax regime in the country: Siddharth Roy Kapur

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/movie-images/2014/08/23/scds.jpg?itok=AiKNSJ8V

MUMBAI: A country, which is considered filmy, with the kind of movies produced and the impact it has on the people, still faces numerous challenges. And one of this is the lack of cinema screens.

In a panel discussion at the 2nd Media & Entertainment Law Forum 2014 conducted by Legal Era, Walt Disney India MD Siddharth Roy Kapur stressed on how even with a population of 1.2 billion, there are only 13 screens for every one million people. “In fact, 3 Idiots, the greatest hit and revenue generator so far reached out to only 3 per cent of the entire Indian population, in terms of screens. All the others saw it on TV,” informed Kapur.

M&E industry contributes 0.5 per cent of the overall GDP of the country, of which movies is a Rs 12,000 crore business. Theatrical release, satellite rights, international rights and digital screening are all different models of revenue streams for the industry currently.

“We have so far not represented ourselves in a way that we should have to the government. We need to work with the government so that they know how well we can contribute to the economy of the country. It is only then that they will understand our challenges,” added Kapur.

According to Kapur, infrastructure, piracy, regulation and creativity if galvanised in the right direction can take the movie industry forward.  “There is not much regulation on the piracy front as well,” he said.  

The country also needs to invest in talent to ensure creativity. “Apart from that, of course we need good movies. The industry has to focus on writing and paying more to the writers. We need to move out of the south Asian diaspora and cater to a wider audience world over,” he opined.

An interesting point that came out during the panel discussion was the fact that regional movies contribute to 40 per cent of the total revenue the industry generates. “Mostly it comes from the Tamil and Telugu movies,” informed Reliance Big Films CFO Shibasish Sarkar.

Addressing the growth of regional movies, Kapur said that though these are important markets their sensibilities are different. “So it is better to ally with local partners, in terms of directors or producers at least for a couple of initial movies and then get your hands dirty. We do one Tamil movie a year now,” he informed.

Talking on the investment in movies, Sarkar said that any investor today looks at risk return ration before investing in a project. “Unfortunately, we have not yet been able to create an environment such that the investors can be made to feel confident of their investments,” he added.

What’s more, even with popularity of Bollywood world over and 100 per cent FDI, none of that money comes to India. “There is no venture capital environment here,” said Cinema Capital Advisory managing director and founder Samir Gupta.

Investors, according to Gupta, look for incentivised markets and so the government should be working at giving more incentives, if not at the central level, but at the state level. “There should be a legal framework for states, which can help them grow,” he said.

India is a tough market for animation movies, feels Kapur. “Audiences are used to watching animated content on TV for free, and so it is very difficult to get them to buy a movie ticket worth Rs 300 for an animated movie.” Another reason why animation movies have not grown in the country, Kapur opines that it lies in the fact that Indian filmmakers are not good storytellers when it comes to animation.

The panel also felt that there is a need for a uniform tax situation in the country. “Overall Goods and Services Tax (GST) is definitely a positive,” said Kapur. According to the panelists, in a uniform GST regime, entertainment tax will get subsumed into it, and this will be a complete game changer.  

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/27/afternoon-cloud.jpg?itok=njqV-vkh
FTII short film fails to get the Cinéfondation award at Cannes Fest

The only Indian film that had officially made it to Cannes - the short film from the Film and Television Institute of India - has failed to get any awards although it was among the sixteen films shortlisted by the Cinéfondation Selection of the Cannes International film festival to mark the...

Movies Short Films
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/26/sachin.jpg?itok=dtD-NTop
Sachin: A Billion Dreams....For Staunch Sachin fans.

Films on sports did not work with the Indian audience for a long time. If at all some producers dared make a film, it would be mainly on cricket. Of the dozens of films made on sports, less than half a dozen have worked while a couple of others, like Iqbal and Budhia Singh: Born To Run, earned...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/24/PURI.jpg?itok=JgCgwt9d
Om Puri Foundation unveiled in Cannes to help arts, farmers

The Om Puri Foundation has been unveiled today at the 70th Cannes Film Festival to carry forward his legacy and the high standards set by him as an actor on films, television and the theater.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/22/bhaubali2.jpg?itok=30z3Zmp4
Bahubali continues to rule the box office as it pushes aside others in third week

The fact that films and cricket remain its dominant entertainers on television was evident when the Zee TV premiere of Dangal on 21 May and the final of the IPL T20 on Sony Max took the toll at the box office. Last Friday saw the release of two totally different genre films - Hindi Medium and Half...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/22/cannes.jpg?itok=DWBPFQ4q
Cannes delegates apprised of opportunities in Indian film industry

India has invited some masters of world cinema to conduct master classes and workshops in Film Bazaar at the International Film Festival of India in Goa in November and visit different locations in India.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/19/hindi.jpg?itok=pjMi1Kq1
Hindi Medium....Fun in parts

Hindi Medium is meant to be a satire on the education system as it has evolved in India lately. Just about every institution likes to add the word ‘International’ to its name and claim to be affiliated to a system of education somewhere in the West.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/19/Shiv%20Relan_0.jpg?itok=MX4mj9oI
Multi-entertainment channel broadens horizon by adding 'Movies' & 'Buy' options

MUMBAI: The Indian Movie Channel (TIMC), a multi-entertainment channel, is now all set to broaden its horizon by adding two interesting features, brand new segments – TIMC Movies and BUY option. The brand new features on the TIMC website presents users with an engaging experience with enhanced BUY...

Movies Movies On Mutiple Platforms
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/19/Maharaja%20Duleep.jpg?itok=AdpvrGOf
Special screening of Maharaja Duleep Hollywood biopic at Cannes

NEW DELHI: Even though no Indian feature film has been selected for the 70th Festival de Cannes this year, an award-winning historic film biopic on the poignant life story of the last King of Punjab – Maharajah Duleep Singh – also known as The Black Prince -- will be screened at a special...

Movies International
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/05/17/shemaarooo.jpg?itok=eH_QW2Zc
Vkaao & Shemaroo to re-release cult classic 'Namak Halaal' in theatres

Vkaao, India’s first ever ‘theatre-on-demand’ service associates with Shemaroo ShowTime – a sub-brand of Shemaroo Entertainment Ltd that deals in screening of iconic block buster films on big screens.

Movies Hindi

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories