Filmmaking is a big business, and being the largest in the world, Indian film industry does rake in some really big numbers every year. With over 1000-1500 films produced every year, Indian film industry is the biggest exporter of its culture worldwide. But despite being the world’s largest film industry, it has the second highest footfall into its cinemas (after China). Right now, the Indian film industry has an annual revenue of around INR 138 Billion (13,800 Crores) that is predicted to grow at a rate of 11.5% per year, reaching INR 238 Billion (23,800 Crores) in the year 2020.
The Indian film industry is divided into many regional film industries that contribute big and little to those big numbers. Lets have a look at the Top 5 Film Industries of India and their numbers:
(1) Hindi Film Industry- Annual Turnover Statics
Also known as the Bollywood, Hindi film industry alone contributes a major 43% of the total revenue. That makes it INR 5,934 Crore for the year 2015. The figure is to reach INR 6,617 Crore by the year 2020.
(2) Malayalam Film Industry- Annual Turnover Statics
Witnessing a growth and stability, the Malayalam film industry is going strong each year. Over 140 films were released during the year 2015 in Malayalam, making over INR 500 Million at the box office over movie budgets of INR 120–150 million.
(3) Tamil Film Industry- Annual Turnover Statics
Tamil is the strong and largest regional industry after Hindi in India. It contributes 19% of the total annual revenue of Indian Film Industry, which means in the year 2015 it had a turnover of INR 2,622 Crores. By the year 2020, it is predicted to reach INR 2,924 Crores.
(4) Kannada Film Industry- Annual Turnover Statics
With the smallest chunk in the pie, Kannada Film Industry is the smallest regional industry in the south. According to sources in the Karnataka Film Chamber of Commerce (KFCC), the annual turnover, which was in the range of INR 250-300 Crores till 2014, crossed INR 400 Crores in the year 2015.
(5) Bengali Film Industry- Annual Turnover Statics
Seeing a bump in the recent years, Tollywood is being slowed down due to poor content and its audience’s preference towards English and Hindi content. Its annual turnover in the year 2014 was INR 150 Crores, which is equivalent of a budget for a star studded Hindi film. The condition is not looking good for the future too as the industry struggles to find a hit that could save it from drowning.
(6) Telugu Film Industry- Annual Turnover Statics
The Telugu Film Industry earns the 17% of total annual revenue of the Indian Film Industry. Along with Tamil, it it the third biggest regional film industry in India. In the year 2015 it had an annual revenue of INR 2,346 Crores that is predicted to grow to INR 2,745 Crores.
An analysis on Indian Film Industry and The Hollywood Film Industry
With the above numbers, the future looks bright, but one fact that can be concerning is that despite being the largest film industry in the world, and having the second largest footfall, we are still not earning as much as Hollywood does with its much smaller industry and population. The reason behind this discrepancy is the quality of content and the pricing of movie tickets in India. Maybe someday in the future, this biggest film industry will also be the biggest winner in terms of numbers and quality.
Featured Image: Wade Bradely
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