China will be the guest country at next year's India International Film Festival at Goa, according to a report from the Times of India.
The invitation comes on the heels of the success of Bollywood film 3 Idiots in China, a promising sign for the Indian film industry. China has steadily risen to become the second most important film market in the world. Indian films will hope to have an easier time to get past China's strict import quota for foreign films.
The closer ties will reportedly begin at the educational level, with the Film and Television Institute of India and the Beijing Film Academy agreeing to promote an exchange program for their students. A source for the Times of India, however, indicated that in short term China will be looking to screen more classical Bollywood films than more recent productions. The goal in this collaboration would be for relaxed restrictions for Indian films in regards to China's import quotas.
Indian Broadcasting Minister Manish Tewari met with Cai Fuchao, the director of China's State Administration of Radio, Film, and Television, to hold talks over closer collaboration between the countries' film industries. A presence in China would come as a great boost for the Indian film industry, which already has a healthy presence in other major film markets like the United Kingdom and North America.
Man of Steel had a great opening weekend in India, posting a $3.5 million gross from 754 screens. Zach Snyder's Superman reboot only ranks behind Christopher Nolan's The Dark Knight Rises as the second biggest debut for a Warner Brothers release in India. Man of Steel grossed $71.4 million from a day-and-date opening in 24 overseas markets. The film also dominated the North American box office, performing well above expectations with a $125 million opening weekend. Man of Steel will continue a larger overseas roll-out throughout the next couple of weeks. China, France, Germany, Italy, and Spain are on the horizon as Man of Steel opens in 26 additional markets this upcoming weekend.
A new tax proposed by Pakistan's Finance Minister, Ishaq Dar, is threatening the financial viability of Indian and Hollywood films in the territory, according to a report from Jagran Post.
The tax would apply to films and television programs produced outside of Pakistan, bringing in about $10,147 per film (Rs 1 million in local currency) and $1,014 per television episode (Rs 100,000 in local currency). According to the report, a number of multiplexes in hubs like Karachi and Rawalpindi exclusively screen Bollywood content. The publication suggests the increase might lead to higher ticket prices at multiplexes across the country, where Bollywood and Hollywood films have proven to be popular imports. The higher ticket prices would mitigate the financial hit for distributors and exhibitors, at the extra cost of Bollywood fans across Pakistan.
Yeh Jawaani Hai Deewani continues to be a massive success in India, adding another $8 million in its second week to reach a $26.5 million total in its home country. The popular Bollywood romantic comedy is also a big hit abroad, falling just shy of breaking the top ten in the United Kingdom last weekend with a $272,992 take from 62 locations. The U.K. per-screen average of $4,403 was the fourth best among films in that market. The film was the strongest hold-over in the market when it came to packing theaters; the Bollywood picture only trailed premieres from After Earth, Steven Soderbergh's Behind the Candelabra, and The Stone Roses: Made of Stone in per-screen average. Yeh Jawaani Hai Deewani has grossed $1.2 million in the United Kingdom. North America has also been bountiful for the film as well, accounting for an additional $3 million take. That brings the global total of Yeh Jawaani Hai Deewani to fantastic $31.4 million cume.
Yeh Jawaani Hai Deewani went head-to-head against the premiere of Tamla Pagla Deewana 2, sharing a similar screen count heading into the weekend. Tamla Pagla Deewana 2 grossed a total of $4.7 million in its domestic debut.
Shootout at Wadala reached a $712k overseas total, with $369k of that figure coming from North America. Its sturdy performance after six weeks in India has brought in $9.4 million for the Bollywood film. The global total for the sequel has now surpassed the $10 million mark.
Go Goa Gone reached a $4.3 million cume in India, seeing its global total reach $4.7 million after its third weekend in North America brought in an additional $3k to its overseas total.
More North American releases are in store for Indian films, as Fukrey will be premiering in 60 screens across the U.S. and Canada this weekend.
Box Office Results for India. Week of June 7 - 13, 2013.