No one would have expected this, but Bollywood is obviously about expecting the unexpected. The biggest, the most hyped and of course, the most looked forward to films, Kites and Raavan have not done well and have proved to be a double blow to the common producer of the films, Reliance Big Pictures.
According to sources, the company has lost a whopping amount of around Rs 100 crore in the bargain. Confirming this, trade analyst Amod Mehra says, "I am sure the loss is more than Rs 100 crore. It is a huge loss for the company, which expected a lot from the two big movies. It's difficult for Big to make more than Rs 50 crore from Raavan, including the Tamil version. So that means a clear loss of Rs 50 to 60 crore there. Earlier with Kites they lost about Rs 60 crore," he says.
Big sold the satellite rights of Kites to Colors, initially for Rs 54 crore and then it came down to Rs 40 crore.
This huge loss might affect the company's production plans for the future. Vajir Singh, Executive Editor, BoxOffice India, confirms, "I don't think this would be a huge setback for a company like Reliance. But they might go a little slow on production right now. Two failures, though huge ones, can't be such a huge setback for the company."
If Raavan picks up in the second week, the losses might be cut back a little.
By Shubha Shetty-Saha
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