Is Corona Gods Gift For Them?

It is more like an open secret that the theater and distribution network is controlled by four big people in the industry. Many felt that these four big people in the industry will loose crores of rupees due to the corona crisis. But As per our sources corona crisis has turned as a god’s gift for these Big Four.

Coming into the news March and April is like dry days for movie releases. Theaters will witness low occupancy due to the exams. Due to the low occupancy, theaters will run on debt sheets. So in February, these four big people in the industry kept a proposal of shutting down theaters from March second week to April third week, But the producer’s council denied the proposal.

But now unexpectedly, due to the lockdown, all theaters were shut down for 21 days due to the spread of the coronavirus. Now, this has turned as a god’s gift for these Big Four. The four big people in the industry are now invoking the ‘force majeure’ clause in its rental contract to not pay rent for the entire period of shutdown across the Telugu states. The ‘Act of God’ clause comes into effect during unprecedented circumstances.