India

INDIA: 'Chasme Baddor' Premieres at #1 on April 12, 2013

Chasme Baddor opened wide in 1325 screens across India, taking the top spot at the box office with $5.3 million. A limited re-release of the original version of Chashme Baddor broke into the top ten with $17K. Hold-over Himmatwala had a steep drop in its second week, adding $1.1 million to its $8.5 million cume. The weekend's other new release, Rise of the Zombie, took in $55k in 150 screens.

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BOX OFFICE: 'Settai' Opens with $52K in North Ameica, Steep Drop for 'Himmatwala' on April 08, 2013

Settai opened in 33 screens in North America, posting a $52,386 gross over the weekend.

Himmatwala dropped its screen count in its second week to 61 from last week's 99 and saw a steep drop off. It grossed $23,124 over the weekend to reach a $262,568 cume in North America. 

Kai Po Che added $1,114 in only 2 screens for its seventh weekend in North America. The North American cume is $1, 119, 876.

Amitabh Bachchan Talks 'Gatsby' on April 02, 2013

The legendary Indian actor discusses how he ended up in this summer's The Great Gatsby in a recent blog post:

It all started with a public relations lady calling my office and informing me that Mr Baz Luhrmann was wanting to talk to me for a project he was involved in. I thought it was a bad joke and ignored the lady. But when it came repeatedly, I agreed. Baz Luhrmann had a couple of years ago, while travelling through India with a friend on a motorbike, visited me at my office... Now as I waited to connect with him on Skype, I wondered whether he would remember my face and how we would converse. But the connection was good, the offer for doing a small role was accepted... and soon we were exchanging notes voices and intonations for the Jewish mafia head Meyer Wolfshiem in ‘20's New York!...

Came the time for the shoot at Sydney, and the apprehension grew... Baz called me over the first day to his home, a warm old world charmed structure, well maintained, with his polished motorbike and a Ganesh on his verandah... soon as we sat in his office section the others arrived - Leonardo, Toby and Joel Edgerton... The next day it was back to the studio and to the cute little cottage that was exclusively Baz Luhrmann's work place. The entire cast was there. In a small but comfortable dining table all the main artists, about 15 of us sat down to an introduction of the film its niceties and how the atmosphere of the film would be. After a quick snack there, we shifted to the main floor, where the entire participants sat down to another reading with mikes and cameras recording all that was being spoken. Then we read again the entire script, asked to move about as we deemed fit. And then another reading, in the presence of a test audience, which sat about us quietly noting all that was being enacted. This completed, there was a question answer session. The test audience made remarks, the artists spoke about what they felt, Baz gave his inputs and then we wrapped for the day...

The sets were an eye opener for me. Grand and colossal in its presence and opulence... All about was like an imagination fructifying to reality. The sincerity of all that worked, including the main stars, the earnestness of the director his crew and the unimaginable detail of authenticity, all added up to an experience which when I returned to my room, could not fathom !!... I can say that in my 44 years and 180 films I had never worked in such a set up. Thank you Baz Luhrmann and his crew, and Warners for this experience.

 

BOX OFFICE: 'Rangrezz' Posts Underwhelming Numbers on March 26, 2013

UTV reports that Rangrezz has grossed only $4,318 from 11 locations in North America. 

So far, 2013 has been a weak year for Indian films in North America. There hasn't been anything on the level of Agneepath ($2 million in North America) or Jab Tak Hai Jaan ($3.05 million in North America)

BRIC Cinema Box Office Revenue Set to Rival North American Market by 2017 on March 21, 2013

El Segundo, Calif. -- After doubling from 2008 to 2012, the combined cinema box office revenue for the BRIC countries of Brazil, India, China and Russia is set to double again by the end of 2017, making their collective proceeds equal in size to North America, the world's largest movie theater market.

The BRIC box office total expanded dramatically in just five years, rising to $6.2 billion in 2012, up from $3.08 billion in 2008, according to a new IHS Screen Digest Cinema Intelligence Report from information and analytics provider IHS (NYSE: IHS). By 2017, the box office value of the BRIC regions is projected to hit $12.1 billion-approximately equal to the IHS forecast for the North American box office that same year.

"The rapid growth of the BRIC cinema market is being driven by two principal factors: increasing ticket prices and new screen construction," said Charlotte Jones, principal analyst for cinema at IHS. "However, other variables are also helping spur the BRIC cinema markets, including the loosening of market regulations in China for 3-D and IMAX films, the popularity of premium films in Russia and the rise of shopping centers in Brazil. Driven by all these factors, the BRIC countries by the end of 2016 will account for one quarter of global cinema box office revenue, up from 18 percent in 2012."

The attached figure presents the IHS forecast of the BRIC countries' cinema box office revenue compared to the global total.

Impressive box office
To put the growth of the BRIC region in context, the territories recorded a combined average compound annual growth rate (CAGR) of 14.9 percent at the box office from 2008 to 2012. Such a rate is impressive when compared to other international markets that rose by just 5.5 percent, and is even more remarkable when viewed against the 2.2 percent CAGR of a mature region like North America. The future forecast for the BRIC box office also shows a CAGR of 14.4 percent through 2017, displaying only a minor slowdown from the previous period.

International rankings
All four of the BRIC markets were in the Top 12 world rankings last year in both cinema admissions and box office revenue.

China led the way with more than $2.7 billion in 2012, and the country was also the No. 2 world market by size, behind the U.S. India was the next largest market, sixth overall in the world in 2012, while Russia climbed to the ninth position. Brazil, the only country in the Top 12 not to reach the $1 billion plateau, came in at No. 12. By 2017, both Russia and India will be among the Top 5 box office markets with a projected $2 billion in revenue, putting them ahead of the U.K. and France. Meanwhile, Brazil is forecast to be ranked No. 10 by 2017, ahead of Mexico and Italy.

Rated "D" for digital
At the end of 2012, more than 70 percent of the world's modern screens had been upgraded to digital cinema (d-cinema) technology. However, of the four territories comprising the BRIC region, only China is ahead of this penetration rate with more than 85 percent of screens upgraded in 2012. This higher rate was driven by new screen constructions, with 100 percent of all new screens based on the d-cinema standard. China now has more than 12,400 d-cinema screens in 2,926 sites.

Russia is second among BRIC countries in d-cinema with a total screen penetration reaching 58.3 percent in 2012, below the world average. The rollout in Russia has been driven almost entirely by 3-D, with a large 83 percent of the 2,100 d-cinema screens 3-D-enabled, compared to a global digital to 3-D screen ratio of just 50.8 percent for the full year of 2012.

The other two BRIC countries have a long way to go to reach the world average. Brazil ended 2012 with just 32.1 percent being converted to digital, and India's d-cinema penetration stood at only 10.2 percent (there are also 5,500 e-cinema screens).

Still, given such low penetration rates, the future growth path of these countries will open up a flood of activity for d-cinema equipment suppliers in the coming years.

 


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