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Maniratnam asks big stars to reduce remuneration

Maniratnam
Director Mani Ratnam has reportedly suggests that the actors and technicians of the film should reduce their remuneration to help in reducing the overall budgets of the film in this COVID-19 situation.

Speaking at SICCI webinar series on the topic "The future of movies and entertainment.", the director spoke about how shutdown affects the movie industry and how the film industry can be brought back to normalcy. He shared that movie making will have to undergo certain changes in terms of reduced budgets and it requires much needed support from the big stars and technicians.

"The fact that the immediate theatre release is going to get difficult, market is going to get eroded, means that I have to make sure the cost of my film is brought down. That it is manageable to make the filmmaking viable. Which means, people involved in it, especially big stars and technicians will have to understand and help in reducing the price, reducing the cost and work towards making sure the film industry remains afloat," Mani Ratnam said at webinar series.

He further said the industry will require little bit of aid from the government too.

"But if you're going to put a new film on floors, you've to understand that there are three streams of revenues which will get affected—domestic theatrical, overseas theatrical and the broadcasting rights. Because of the overall economic recession in the last two months, broadcasters have lost almost 85 percent of their ad revenue.

"If they won't earn, they won't pay the same amount of money for the satellite. That's a reality we have to embrace. The digital revenues are going to get stronger... Actors, technicians, producers have to sit together and structure a new project," he added.

On the career front, Mani Ratnam is awating to resume work on his highly anticipated period film Ponniyin Selvan. The makers of Ponniyin Selvan are hoping to shoot the film in one long schedule after the Coronavirus lockdown is lifted. There are also reports that the team is planning to release the film in two parts. This periodic drama is backed by Lyca Productions.

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