Hollywood Film Revenue In India Rises 10 PercentTop Stories

March 21, 2017 12:41
Hollywood Film Revenue In India Rises 10 Percent

A big hit 'The Jungle Book' made over half of its revenue in the country from the local dubbed versions. Hollywood film revenue in India grew by around 10 percent in the year 2016, driven by the dubbed versions, according to the annual entertainment industry report by KPMG India unveiled at the FICCI FRAMES conference in Mumbai on Tuesday.

While the total revenues for Hollywood films were not disclosed, the report said that the top 10 Hollywood films in India reached $108.8 million (7.1 billion rupees) in the year 2016, compared with $99.5 million (6.5 billion rupees) in the year 2015.

Last summer's ‘The Jungle Book’ became the highest-grossing Hollywood film in the India ever, collecting around $38.2 million (2.5 billion rupees).

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The report said that the Hollywood's growth was helped by the increasing contribution of dubbed versions, highlighting that over the last two to three years, nearly 40 percent of the English releases are dubbed in at least one local language in India.

The Jungle Book's dubbed versions contributed 58 percent to the film’s total revenue, compared to the last year's ‘Avengers: Age of Ultron’, which saw 45 percent of its revenue from the dubbed versions.

The report also pointed out that another growth factor was the rising trend of Indian actors featuring in the Hollywood films, such as Irrfan Khan who starred with Tom Hanks in the Inferno. The Hollywood's share of the Indian market is estimated at about 10 percent.

Mrudula Duddempudi.

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