BREAKING: Lootcase’s theatrical release CANCELLED; to release directly on OTT platform

BREAKING: Lootcase’s theatrical release CANCELLED; to release directly on OTT platform
With the advent of streaming platforms and their rise, a lot of changes have taken place in cinema all over the world, including Bollywood. Apart from TV shows and movies, viewers now have a chance of watching innumerable web series on these platforms, along with thousands of films anytime, any place. Several smaller films are now releasing directly on these websites and apps to save on the cost of exhibiton. A few films in fact are intended to arrive straight on OTT without making the journey to cinemas. BREAKING Lootcase’s theatrical release CANCELLED; to release directly on OTT platform A few weeks back, it came to light that the long-delayed film, Drive, starring Sushant Singh Rajput and Jacqueline Fernandez, and produced by Karan Johar, would be releasing directly on Netflix. And now another film that is all set to follow suit is Lootcase. Starring Kunal Kemmu, Rasika Dugal, Gajraj Rao, Vijay Raaz and Ranvir Shorey, this comic caper is backed by Fox Star Studios and directed by Rajesh Krishnan, known for making the popular web series The Tripling. Incidentally, the film was scheduled to release on October 11. A source close to the project says, “The makers had a meeting on Saturday and decided to not go ahead with the theatrical release of Lootcase. They are confident of the product but they are aware that the buzz is very low. Moreover, the star cast, though appealing, is not big enough to pull audiences to cinemas. Not to forget, there’s too much competition in the form of War, Sye Raa Narasimha Reddy and Joker releasing this week on October 2 and The Sky Is Pink releasing on October 11, the day Lootcase was scheduled to arrive. It’s also pre-Diwali period, when people are busy with shopping and other activities and turnout anyway is low. All these factors would have affected the collections of Lootcase, even if it gets positive word of mouth.” The source further continues, “Fox Star Studios recently burnt their hands with the Sonam Kapoor-Dulquer Salmaan starrer The Zoya Factor. It didn’t even collect Rs. 3 crores in India. As a result, they are over cautious with Lootcase and don’t want to have back-to-back commercial disasters in their filmography. Hence, when they got a lucrative offer from a streaming platform, they went ahead and cancelled the theatrical release.” The source, before signing off, states, “Everyone is not happy with the decision as they were looking forward to the theatrical release of Lootcase. But this is business and practicality will overrule emotions at the end of the day.”

Also Read: Shammi Kapoor & Mumtaz’ ‘Aaj Kal Tere Mere’ song to be recreated in Lootcase



from BollywoodHungama.com News https://ift.tt/2oyUOsP

Comments

Post a Comment

Popular posts from this blog

Bigg Boss 2 winner Ashutosh Kaushik gets married on his terrace amid lock-down

Image
This one is an uncommon rooftop wedding. Actor Ashutosh Kaushik, who was the winner of Bigg Boss 2 and also won the 5th edition of MTV Roadies, got married amid the national lock-down. The rather simple marriage ceremony took place on the terrace of his Noida residence, in the presence of only four people. The wedding was scheduled on April 26 for a while now. Speaking to a publication, Ashutosh called it a memorable day. He revealed that his mother and sister attended the wedding on his behalf, and two members from his wife Arpita's family were also present. He added that the money that was kept aside for his wedding ceremony will be donated to the PM-Cares fund to help the Government fight the Covid-19 pandemic.   View this post on Instagram   A post shared by Ashutosh Kaushik (@ashutoshkaushik_bigg_boss_2) on Apr 27, 2020 at 9:49pm PDT Ashutosh has been a part of films like Zila Ghaziabad and Kismat Love Paisa Dilli in the past.
Read more

TMKOC actor Gurucharan Singh operated 10 bank accounts amid financial struggles: Report

As the search continues for former Taarak Mehta Ka Ooltah Chashmah actor Gurucharan Singh, also known as Sodhi, who went missing over two weeks ago, new details emerge regarding his financial circumstances. According to a report by NDTV, Singh was managing multiple bank accounts for financial transactions, despite reportedly experiencing severe financial difficulties. Delhi Police's investigation into the matter has uncovered Singh's frequent use of credit cards, with sources indicating that he maintained over 10 bank accounts for his financial activities. Sources within the police department reveal that Gurucharan Singh, amid financial constraints, relied heavily on credit cards and conducted transactions across numerous bank accounts. It is reported that Singh resorted to withdrawing cash and using credit cards to settle balances, indicating a complex financial situation. The investigation further discloses that Singh withdrew a sum of Rs. 14,000 from an ATM before his disap
Read more

Prabhas joins Akshay Kumar in Vishnu Manchu's epic actioner Kannappa, elevating it to a Pan-India project

Amidst much anticipation, Prabhas, the renowned actor from the south, steps into the realm of Vishnu Manchu's ambitious project, Kannappa. His addition to the ensemble cast, which already boasts the likes of Akshay Kumar, Mohan Babu, Mohanlal, and Brahmanandam, amplifying the film's Pan-Indian appeal and magnitude. Directed by Mukesh Kumar Singh, Kannappa intricately weaves the tale of Bhakta Kannappa's unwavering devotion to Lord Shiva, promising a cinematic journey of epic proportions. Vishnu Manchu, the visionary behind Kannappa, expresses his delight at Prabhas's involvement, highlighting the actor's dedication and versatility. He remarked, “With my dear friend Prabhas onboard, Kannappa emerges as a true Pan-Indian magnum opus, uniting stars from diverse linguistic backgrounds.” The synergy between Prabhas, Akshay Kumar, and Mohanlal reinforces the film's status as a cultural phenomenon transcending regional boundaries, promising a cinematic experience lik
Read more