Salman's 5 years jail term may affect Rs 400-600 crore: Trade Analysts
Mumbai : Bollywood actor Salman Khan was sentenced to five years jail term, today. The imprisonment verdict is related to 1998 black buck poaching case by a Jodhpur court. It is reported that Rs 400 to Rs 600 crore is riding on Salman in the film industry and the judgement will affect three major film projects, says trade analysts.
The 52-year-old superstar was busy shooting 'Race 3' when suddenly the court verdict has created a messy situation. There is a doubt if he is done with his shooting part for the upcoming film ‘Race 3’ directed by Remo D'Souza. The film is scheduled to be released in June.
"Whatever is left of 'Race 3' will have to be completed soon because the film is releasing in June. 'Kick 2', 'Dabangg 3' and 'Bharat' were yet to start so there isn't much monetary loss. It is a huge loss to the industry and trade as he is a big star who guarantees big success," trade analyst Komal Nahta said.
"'Race 3' has Rs 125-150 crore riding on it. For other films, not money but may be time has gone. He has not started any other film so it isn't that films will be stuck. He may have planned it like that knowing that April 5 is the date of the judgement," Nahta added.
Trade analyst Girish Wankhede also said that Salman’s 5 years jail decision is a big blow to the industry. The actor has been exceptionally profitable as a brand with back-to-back blockbusters.
"All his films make a minimum of Rs 200 crore. Three films have already been announced. 'Race 3' is the biggest Eid release. So approximately 600 crore are riding at the box office," Wankhede told .
The trade insiders also mention that besides the films, the actor's endorsement deals and TV appearances will be hugely affected.
"There is about Rs 400 crore riding on him, including Rs 150 crore on 'Race 3' and signing amounts and rights of films such as 'Bharat', 'Dabangg 3' etc and the TV show 'Dus Ka Dum' and TV commercials," Amod Mehra, trade analyst said.
"'Race 3' is almost complete, only dubbing is left so I don't think any of the films would be affected by the verdict... As other films have just been announced," Mehra said.