Numlock News: September 14, 2021 • Geomagnet…

By Walt Hickey Bollywood Two of the largest film studios in India inked a 10 billion rupee ($135 million) deal to jointly develop 10 feature films, a significant bet on a Bollywood box office that has continued to struggle. It’s one of the largest financing deals in the history of Bollywood, and is a bullish choice when lots of others are skittish about betting on theaters. The state of Maharashtra, which is home to Mumbai and Bollywood itself, is usually responsible for 30 to 50 percent of a Hindi film’s domestic gross, but the state has held on its ban on film screenings during the pandemic. The closures are costing the film industry roughly $54 million per month in losses.

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