Box Office Pegs High Hopes From Bahubali 2: The Conclusion
Last year Bahubali: The Beginning rocked the box office with Rs 600 crore in collections worldwide.
Written by Abhishek Vasudev | Last Updated: April 11, 2017 13:34 (IST) Abhishek Vasudev
'Bahubali 2: The Conclusion' will release on April 28, 2017.
Bucking the trend seen in the past few years, the last quarter of financial year 2016-17 turned out to be a good one for the box office. The Q4 of 2016-17, which ended on March 31 , 2017, proved to be one of the best January-March periods in past many years with box office collections crossing the Rs 100-crore plus mark in some cases, riding high on good releases like 'Raees', 'Kaabil', 'Jolly LLB 2' and 'Badrinath Ki Dulhania', according to a research report by Edelweiss. The fourth quarter of a financial year is generally considered a seasonally weak quarter for multiplexes in India, due to school exams and delayed release of promising content.
Meanwhile, for the first quarter of current financial year, the Box Office is pegging its hopes from the most awaited film 'Bahubali 2: The Conclusion'.
"Bahubali 2: The Conclusion, will release on April 28, 2017. Earlier in Q2FY16, Bahubali: The Beginning rocked the box office with Rs 600 crore in collections worldwide. Stars spangled movies like Sarkar 3 (Amitabh Bachchan) and Tubelight (Salman Khan) are anticipated to do well," domestic brokerage Edelweiss said, adding: "Further, a strong English movie line up may also aid box office collection in Q1FY18. It is pertinent to note here that the base is also strong with releases like Fan, Baaghi and Housefull 3."
It also said that the Hollywood movies 'Kong: Skull Island', 'Logan' and 'Beauty and the Beast' too did well in terms of box office collections. "All this augurs well for movie exhibitors," Edeleweiss added. "Huge scale and screen additions place PVR and Inox in a sweet spot to capture higher share of box office pie. During first nine months of FY17 PVR added 19 screens while Inox added 26 screens."
Meanwhile, ticket prices moved higher in the last quarter of financial year 2016-17. PVR raised average ticket price by 5-6 per cent on a year-on-year basis on the back of good content and movies like 'Kaabil' and the 'Ghazi Attack' which picked up in the second week aided by strong content, according to Edelweiss.