Business Standard
Saturday, Feb 18, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Commodities
 
Marathi regional cinema to grow at 20-25 pc per annum
Sapna Agarwal / Mumbai/ Pune October 04, 2006
From the golden era of V Shantaram, Dadasaheb Phalke and Prabhat Film Company, Marathi regional cinema went through a trough in 1970's with production dwindling to 3-4 movies a year. However it has now come a full circle with projections of 75 Marathi movies to hit the screen this year.
 
Since 1997 Marathi cinema has been conferred with state subsidies and entertainment tax free status whereby producers are given a subsidy of Rs 15 lakh each from their second film onwards for three films by the Government of Maharashatra.
 
This subsidy has been doubled to 30 lakh from October, 2005 for the second, third and fourth movies of Marathi film production houses.
 
However, "The number of movies produced upto three years ago was limited to 30-35 per annum and the average collection from subsidies was Rs 1-1.5 crore for the industry," says Ajay Sarpotdar, Chairman, Akhil Bhartiya Marathi Chitrapat Nirmata Mandal, a representative body of the Marathi film industry with over 10,000 members and also recognised by the Government of Maharashatra.
 
The turnaround happened over the last three years with the nomination of the Marathi film Shwaas for Ocsars in 2003.
 
"Shwaas gave a new life to Marathi cinema," says Sarpotdar, however he quickly draws our attention to the multiple other factors that led to the number of movies produced doubling from an average of 30-35 per annum upto 2003 to 67 in 2004 and in 2005 and reaching 75 this year.
 
At the same time, he says, "The advent of the multiplexes created the need for regional content." More importantly, he continues, "Since 2004, the State Government was mulling over doubling the subsidy from Rs 15 lakh to Rs 30 lakh for producers using the 35 mm format for their movies. However this policy only came into effect in October 2005."
 
The industry, though is not complaining at the backlog of two years. "In the last four months, 55 producers have received Rs 8-10 crore ranging in Rs 5 - 30 lakh thus clearing the backlog," shares Sarpotdar and adds, "We will give out another Rs five crore by March 2007. On an average the Marathi film industry will receive subsidies of Rs 8-10 crore every year."
 
The reversed fortunes have also resulted in sweeping changes taking place within the industry. For instance, first-time director Chitra Palekar's 'Maati Maay' which is to be released in Pune on 6 October has already received critical accolades in the Toronto International Film Festival and is also selected for screening at the London Film Festival.
 
Besides it stars Nandita Das, for the first time in a Marathi movie as the lead female protagonist with Atul Kulkarni in the lead actor. "This is a story of an Indian women who was wronged by the society, which I have chosen to direct in Marathi," says Palekar about her movie which she claims is of international standards.
 
A sure sign of the Marathi film industry having come a long way from grappling with shoestring budgets and quality as producers worked with 16mm format, to switching over to 35 mm format, bigger budgets and showcasing the films in international film festivals, to directors working on varied, offbeat or simply put different subjects to witnessing reverse talent flow as even non-Marathi actors are open to essaying challenging roles in a Marathi movie.

 
 

Marathi regional cinema to grow at 20-25 pc per annum
Sapna Agarwal / Mumbai/ Pune Oct 04, 2006, 23:26 IST

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Wall Street up on Greece, but gains seen limited
- Civic polls: Saffron alliance retains Mumbai, Thane
- MCX awaits trading rules in commodity options, indices
- Govt to provide incentives for electronic chip manufacturing
- Sure to buy French Rafale jets: Indian Air Force
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- Medium-sized businesses are the engines of a smarter planet.
- Save over Rs.3000 with IndianOil Citibank Card
- India's No. 1 Property Site. Click here to know more..
- Get 5% cashback on telephone bills with Citi
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Office 365 for professionals and small businesses.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- The malt of India
- The painter of a dream world
- Umair Javed: A sterile, earnest sea breeze
- Kishore Singh: Keeping up with the Bengali
- The luxury merchants
 
 More  
BUSINESS STANDARD INDIA 2012
  Now available at Special price
  Rs.395/- Only
  Buy Now
  Now available on the Kindle Store...
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us