The Indian Box Office (IBO) is on full swing for its exciting movies from across the country.
The #Baahubali mania is still around globally, which clearly proves that IBO is very high on energy.
Mumbai’s Ormax Media has come up with more interesting revelations about the IBO in its Indian Box Office Report 2019.
As per the report, the gross earnings at IBO across all languages has gone past Rs 10,000 crore mark in 2019, for the first time making a history year for Indian Cinema.
In terms of year-on-year rise, the earnings in 2019 were 12% up at Rs. 10,948 crore against the 2018’s number Rs. 9,810 crore.
Surprisingly that’s not the Indian Cinema!
It’s Hollywood that saw more advantage in 2019, recording a 31% rise in gross earnings (across all languages, original and dubbed) to touch Rs. 1,595 crore in 2019.
With this sudden rise, Hollywood secured fourth spot at IBO gross earnings after Bollywood, beating out of Tollywood and Kollywood.
The biggest earner was The Avengers: End Game with Rs 433 crore in returns in all languages, followed by three Indian films: War (Rs. 377 crore), Saaho (Rs. 349 crore) and Kabir Singh (Rs. 321 crore).
Megastar Chiranjeevi’s dream project Sye Raa Narasimha Reddy was featured in the top-10 for earning more than Rs. 196 crore revenues.
“It shows that the success of Baahubali was not one off. Hindi film industry will continue to get challenged by dubbed versions of the South and Hollywood films,” says Shailesh Kapoor, CEO and Founder of Ormax Media.
Meanwhile, Kannada (36%), Malayalam (17%), Tamil (14%), Punjabi (13%) and Hindi (10%) witnessed growth.
In contrast, Marathi (-45%) and Bengali (-33%) suffered sharp decline in revenue earnings in 2019.
