Demonetization Effect On Film Industry

By - April 16, 2017 - 11:04 AM IST

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None of us can forget the night of November 8th when Prime Minister Narendra Modi was giving a live speech on TV and suddenly dropped the bomb of demonetization. The after effects of that is being felt even today with many ATMs going dry and many cash run businesses getting hit.

The effect is also being seen on film industry because a lot of cash transactions happen here. Now, the magnum opus Baahubali is also facing issues. A finance company in Tamil Nadu has put a petition in court demanding a stop on the release because they didn’t get their fund back from the distributor.

The experts say all this is happening due to lack of cash and there are always some inevitable transactions in the industry, hence the delay. Unfortunately, it is not just the big movies like Baahubali. Even the other layer of movies is also suffering. As a result, even loans are also getting cleared slowly.