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Huge disappointment for SPYder makers
Superstar Mahesh Babu\'s Spyder is in the final leg of the shoot. Except for one song, the entire shoot has been wrapped up. On the other side, the film\'s business is also going on in a satisfactory way for the makers.
Superstar Mahesh Babu's Spyder is in the final leg of the shoot. Except for one song, the entire shoot has been wrapped up. On the other side, the film's business is also going on in a satisfactory way for the makers.
The makers wanted to sell the movie rights at exorbitant prices and they did not sell the complete distribution rights yet. There is always a demand for Mahesh Babu's film rights but with the introduction of GST, there is a heavy downfall in the competition to grab the film's rights. This is happening for every other film in the business now.
The implementation of GST is denting in the movie revenues to the tune of 10% due to the higher tax rate. The numbers will result big in the case of big projects. The buyers will never show any interest in the same and they are not even ready to take the risk. The makers eyed a pre-release business of 85 to 100 crores in the past which will now end up at around 75 to 80 crores.
