According to news reports
, Siddharth Roy Kapur- led Disney India, might be shutting down their Hindi film business soon due to films failing to recover money at the box-office.
Roy Kapur had taken over Ronnie Screwvala’s UTV Software in 2012 and has made many movies since then.
The production house made blockbuster ‘PK’ back in 2014, while ‘PK’ went on to become Bollywood’s highest money grosser – Rs 340 crore, the film studio since has had more miss than hits.
While Disney India struck gold with 2015’s ABCD 2 (collection-Rs 105.7 crore; cost Rs 50 crore), Hrithik Roshan-starer Mohenjo Daro, which was released this month was their biggest disappointment.
The movie was made at around Rs 120 crore (cost to Disney according to industry estimates) and has only managed to make Rs 56 crore in two weeks since its release.
Studio also lost money in other movies like Fitoor(2016), Saala Khadoos (2016) and Tamasha (2015) which failed to recover money at the box office. 2016’s Baaghi (collection of Rs 76 crore versus cost of Rs 38 crore) was their only profit-making movie this year.
Disney has already shut down its south operations and the way things are going Disney India studio might completely shut down soon.
Meanwhile, Disney’s Hollywood slate has worked wonders in India. While ‘The Jungle Book’ collected a total of Rs 185 crore from India alone, Captain America: Civil War collected close to Rs 60 crore.
Disney’s only hope left now is Aamir Khan starer Dangal which is set to release in December and Ranbir Kapoor- and Katrina Kaif starer Jagga Jasoos which is scheduled to release next year.