Amazon Prime Video Snags Bollywood Premieres as Coronavirus Pandemic Closes Theatres 6v71t Entertainment News

The move to stream movies on platforms like Amazon Prime Video comes as the coronavirus-led lockdown has wreaked havoc with film launches. 151h38

By Reuters | Updated: 15 May 2020 11:03 IST

Amazon Prime Video Snags Bollywood Premieres as Coronavirus Pandemic Closes Theatres

Photo Credit: Amazon/ Rising Sun Films/ Kino Works 571q5m

Streaming platforms have in the past signed deals with Bollywood studios for digital rights

Highlights

Gulabo Sitabo, a family comedy will release on Amazon Prime in June
Biopic on Indian mathematician Shakuntala Devi will also come in June
The coronavirus lockdown has left about 9,500 theatres shut

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Amazon Prime Video, Amazon's streaming service, said it will screen several new Indian films that were originally meant for theatrical release on its platform, starting later this month.

The move marks a significant shift for the country's film industry, which relies heavily on box office revenue, and comes as lockdown measures to slow the spread of the coronavirus wreak havoc with film launches.

Seven films, including two Video, the company said in a statement on Friday.

Indian Movies Head to Streaming as Coronavirus Keeps Cinemas Shut

Straight to digital: 7 of India's most-anticipated films will be premiering exclusively on @PrimeVideoIN! Here's the list of titles:
Gulabo Sitabo
Shakuntala Devi
Ponmagal Vandhal
Penguin
Law
French Biryani
Sufiyum Sujatayum#WorldPremiereOnPrime
Read more https://t.co/IDH5BtweoQ pic.twitter.com/5GCEAsicQx
— Amazon India News (@AmazonNews_IN) May 15, 2020

Shakuntala Devi, a biopic on the Indian mathematician of the same name. The other five are French Biryani, Law, Penguin, Ponmagal Vandhal, and Sufiyam Sujatayum.

Netflix, T-Series Reportedly in Talks to Skip Theatres for Streaming

India is in the middle of a strict lockdown as it battles a rising number of coronavirus cases, leaving about 9,500 theatres shut.

Business at multiplexes and single-screen cinemas is unlikely to bounce back for weeks or even months, as infection fears linger and discretionary spending plunges.

"There will be a reset in the way that producers and studios think about their portfolios," Vijay Subramaniam, Director and Head, Content, Amazon Prime Video, India told Reuters in an interview.

Subramaniam said Hotstar, did not see acquisition costs going up for the streaming platform.

"Content costs are what they are, and as the model evolves, values will get reset. It's an act of checks and balances," he said."

Bollywood is huge draw for India's burgeoning online audiences, who - driven by cheap data and smartphones - are spending more time watching content online than ever before.

Streaming platforms like Amazon and Netflix have in the past signed deals with Bollywood studios for digital rights, but mainstream releases have always prioritised theatrical revenues first.

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