Disney has decided to slow down Bollywood production through its acquired arm Fox Star Studios (Disney acquired 21st Century Fox Inc. in June 2018 which made Star India, Fox Star Studios, and Hotstar part of Walt Disney), Universal Pictures has shut down its India office while Viacom18 has already made significant forays into Tamil and Telugu. No local producer can put his lifetime savings to make the kind of large star films that require ₹120-230 crore, Taurani added. Meanwhile, local studios like T-Series that have been aggressive on film production for the last couple of years are also a safe recourse. “All said and done, studios have made local producers richer by fronting big projects. These filmmakers will definitely have to rework their models now," said a former Fox Star Studios executive who did not wish to be named.

Source: Mint December 24, 2020 07:07 UTC