History of Indian film Industry
Alam Ara got released on 14th March 1931. Alam Ara was the first full-length Indian talkie movie in the Majestic cinema of Bombay (now Mumbai). The movie was made under the banner of Imperial Movietone. The star cast included Prithviraj Kapoor, L.V. Prasad, Zubeida, W.M. Khan and Master Vithal.
The first ever color movie of Indian Cinema was Kisan Kanya in 1937. The film has 10 songs. The movie largely remembered by Indians as the first ever color movie.
Indra Sabha was the first Indian movie with 71 songs in the year 1932. The film had two singers Master Nissar and Jehanara Kajjan.
Banu Athaiya the first Indian actor to get an Oscar for the best costume designer. She was the costume designer for Richard Attenborough’s film Gandhi.
Let us now look at the other aspects of Moviemaking
A movie is not only about the hero-heroine and the villain. A movie is a final product with the efforts of a lot of people. It is a ‘Team Work’ which involves spot boys, make-up artists, Choreographer, Director, Producer, Scriptwriter, Editor and many such profiles. Let us see the opportunity the movie industry holds for employment. The employment opportunity in Indian Cinema Industry is increasing like never before
The content of the film is the real hero and many actors are waiting to work in a movie with great content. Indian cinema has got a lot of talent and needs organic content and direction. The requirement of good content is always in need and writers have huge opportunities in Indian Cinema.
Indian Cinema is also the one of the biggest job-generating industry.
Top Production Houses in India:
AKRA Media works produced blockbuster Baahubali 2 the conclusion
The producers at individual level sell their movie rights at different prices for different territories. However big production houses reserve the rights on many areas and release on their own. The producers produce (invest money) in the filmmaking and sell the movie distributors all over India. The selling of the movie and how the film performs at the box office is the main key for revenue.
About Multiplex screens:
Multiplex screens set to increase over 3000 by 2019. The dominant players in multiplex screens are PVR, INOX, Cinepolis, and Carnival. The players have changed the market trends and contribute more than 70 percent of the total screen count.
The rise of the multiplex in the present and in coming years is because the majority of malls are located in Tier II and Tier III cities. This rise will also contribute to the growth of Indian film industry in coming years. Another reason for the increase in the multiplex is due to the increase of the per capita income of the Indians.
According to reports and research, India has 2,200 multiplex screens.
Young audience age of 15 to 24 is the majority of the movie-watching audience. The news published in Livemint in 2017 also said that the 53 percent of the crowd visiting movie theatres are women.
What does the research Say about the expected growth in the Indian film Industry?
The Indian film industry is expected to grow at a compounded annual growth rate (CAGR) of 11 percent to reach US$ 3.7 billion by 2020 as per the recent report released by Deloitte Indywood report
The report further said cable and satellite rights and online/digital aggregation revenue are the fastest growing segments, and expected to grow at a CAGR of about 15 percent over 2015-2020.
Almost 1500 to 2000 movies are produced every year in more than 20 languages and Indian Cinema Industry is the largest in the world. About 14 millions Indians watch movies in a theatre on a daily basis. There were two thousand multiplex theatres in India as of 2015. As per the reports from statista.com, A year later, more than 2.2 billion movie tickets were sold in India, placing the country as the leading film market in the world.
In comparison, about 1.25 billion movie tickets were sold in India in 2016. China in 2nd Position.
Bollywood’s share in Indian film industry explained below :
Bollywood has worldwide viewers of 3 billion, In 2004 Bollywood overtook Hollywood in terms of viewership and Bollywood never looked back since then.
Statistics of the year 2016 says 1560 regional movies and 340 Hindi movies were released respectively. Below are earnings of some of the movies.
- Baahubali 2: Over INR 1686 Crore (worldwide)
- Dangal: INR 1968 crores(worldwide)
- Baahubali the Beginning: INR 600 crores(worldwide)
- Kabali: 650 crores (worldwide)
With the above statistics, the regional movies are setting up their standards high in terms of the domestic and International market. High budgeted movies like ROBOT 2.0 are yet to be released this year (final date yet to be announced), and Thalaiva never disappoints his fans, and his fans never stop to love him back more.
The use of visual effects (VFX) in movies has increased drastically and one of the reasons to work well in the box office. Movies like Krrish, Magadheera, Eega and the mega-hit Baahubali are the classic examples of VFX effects in the movies. The before and after effect of VFX
With the above earnings in the previous years it a clear view of an upward trend for Indian Cinema in coming years. The industry is not only about releasing movies, it also holds huge potential in terms of talented actors, Directors, and writers. The make in India initiative has taken several steps in the film sector to improve investments and increase business opportunities. It will also focus on making India one of the leading film tourism spot globally.
The future for Indian Film Industry looks promising and bright.