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Bollywood's Bubble Bursting As Global Financing Stalls

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First Posted: 06- 9-09 01:49 PM   |   Updated: 06- 9-09 04:12 PM

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Read More: Bollywood, Bollywood Business, Bollywood Economy, Global Financial Crisis, India, India Bollywood, World News
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wsj.com:

MUMBAI -- Bollywood, known for movies full of fantastical extravagance, is trying to adjust to a harsh dose of financial reality.

The global economic downturn has dried up funding, and movie makers are dropping projects and slashing budgets. About 30% fewer of India's song and dance films will be made this year, bringing the total down to around 700, said Rakesh Jariwala, a Mumbai-based analyst at Ernst & Young.

Read the whole story: wsj.com

MUMBAI -- Bollywood, known for movies full of fantastical extravagance, is trying to adjust to a harsh dose of financial reality. The global economic downturn has dried up funding, and movie makers a...
MUMBAI -- Bollywood, known for movies full of fantastical extravagance, is trying to adjust to a harsh dose of financial reality. The global economic downturn has dried up funding, and movie makers a...
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