'My Name Is Khan' suffers 40-45 cr loss
Here is a bad news for Karan Johar’s ‘My Name Is Khan’. The financial loss for the film is likely to be around Rs 40-45 cr for producers, distributors and film exhibitors. The Shiv Sena and Shahrukh Khan’s tussle result for the huge financial loss. Shahrukh Khan’s favoring the inclusion of Pakistani players in the IPL has agitated the Shiv Sena activist and they banned the screening of ‘My Name Is Khan’ across Mumbai.
Made on a budget of 40 cr, the film has been sold to Fox Star Studios for Rs 85 crore. Many theatres refused for advance booking and the few theatres that were opened for advance booking could not continue with the process. Mumbai police arrested over 1,200 disturbed Shiv Sena activist.
"If the average footfall in cinema theatre drops to under 35% this weekend in Mumbai coupled with anticipated disruptions and fear among cine goers in Maharashtra, we are looking at a potential loss of Rs 40-45 crore to the film business," a top executive of a leading multiplex in Mumbai said.
"Losses on account of the damage to the publicity materials of the film and attacks to various theatres in the past few days have also been factored in," the executive said.
Over 2000 prints of the film has been released and 300 was released alone for Mumbai theatre. The film could easily gross 100 crore in the first week but the present scenario will badly hampered the box office collection.
Shahrukh Khan and Kajol starrer ‘My Name Is Khan’ is one of the highly expected films of 2010.