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.
The romantic comedy Yeh Jawaani Hai Deewani is already a smash hit in India and abroad. The film grossed $18.7 million in its opening week in India, leading the domestic box office by a wide margin and surpassing the six week $13.6 million domestic cume of Aashiqui 2. Yeh Jawaani Hai Deewani opened in 2202 screens in India, nearly monopolizing all of the country's cinemas. Audiences have also responded to the film in North America, where distributor Eros International reports a $1.5 million opening weekend and $2 million cume after its first full week in release.
Shootout at Wadala reached a $9.5 million cume in India and a $369,573 total in North America. Go Goa Gone saw its domestic total raise to $4.3 million in India while posting a 298,457 cume in North America.
Box Office Results for Domestic Films in India. Week Ending on June 6, 2013.
Aashiqui 2 maintained its pace among domestic films at the Indian box office this week, coming in first place with a $1 million weekly gross in its fifth week. The sequel has now grossed $13.7 million in India. Shootout at Wadala slowed down on its run to $10 million, stopping just shy in its fourth week with $9.7 million. Shootout at Wadala has made $369,573 in its North American run. Go Goa Gone saw its gross go up to $4.4 million in its third week in India, adding another $298,457 to its global cume from North America in the same number of weeks. Rangeelay reached a $148,418 cume in North America.
Box Office Results for Domestic Films in India. Week Culminating on May 31, 2013.