Picture Credit: Roongta Entertainment
Ajay Devgn’s movie Naam has faced a monumental setback at the box office. After a long delay, the movie collected a meager ₹10 lakhs on its opening day, and it is expected to finish its theatrical run with under ₹50 lakh in total earnings. Given that the movie’s acquisition and marketing costs amounted to ₹10 crore, it is clear that the film will fail to recoup its expenses through box office revenue alone. This situation leaves producers scrambling to find alternative revenue streams to minimize their losses. In this case, one of the only viable options for recovery could lie in the sale of satellite and digital rights to major players in the media and entertainment industry.
Naam Is A Huge Disaster At The Box Office With Collections Under Rs 50 Lakh
The disappointing performance of “Naam” at the box office is a stark reminder of the volatile nature of the film industry. Despite Ajay Devgn’s star power and the film’s high production values, audiences have failed to connect with the movie. There can be many factors that contribute to a film’s underperformance, including poor marketing, a lackluster script, unfavorable reviews, or simply bad timing. Whatever the reasons, it’s evident that “Naam” is not going to recover its production costs from ticket sales.
Also read: Box Office: BookMyShow makes big changes; Only those who purchase tickets can rate movies
With the film’s theatrical prospects looking grim, the producers now face a significant financial loss. However, in today’s rapidly evolving entertainment landscape, the satellite and digital rights of a film have become critical sources of revenue, often offering the best chance for recovery in case of a box office flop.
Producers Of Naam Will Rely Upon Satellite And Digital Rights Now
For a film like “Naam,” the sale of satellite rights could be the key to ensuring some financial stability. However, the price for these rights is largely contingent on the film’s potential to draw viewers. Films that are not performing well at the box office may not fetch top dollar from TV networks, but with a well-established actor like Devgn, the satellite rights could still bring in a sizable sum. The producers might have to settle for a lower price compared to what they might have fetched if the film had been a box office success, but it’s a viable option for mitigating losses.
In the digital age, streaming platforms have become a crucial part of the film industry’s revenue model. The explosion of platforms like Netflix, Amazon Prime Video, Disney+ Hotstar, and others has changed the way films are consumed. Streaming has become a preferred mode of viewing for many, especially with the ongoing growth of internet accessibility and mobile devices. As a result, digital rights have become a lucrative source of income for producers, particularly when a film underperforms in theaters.
Watch Naam’s Trailer: https://www.youtube.com/watch?v=nKfzqJSZdq4
The sale of digital rights can be particularly important for films like “Naam,” which may struggle to perform in cinemas but still have potential for success on streaming platforms. A film with a decent star cast, such as Ajay Devgn, could still find an audience in the digital space, particularly if it caters to specific genres or niche markets. While “Naam” might not have been embraced by theatergoers, its success on platforms like Netflix or Amazon Prime Video could be a possibility if it garners interest among viewers who prefer to watch films from the comfort of their homes.
In the case of “Naam,” the producers could look to strike a deal with a major streaming platform to sell the digital rights. These platforms are often willing to pay hefty sums for exclusive content, and even a film with weak theatrical performance can do well on digital platforms if it resonates with a particular audience. For instance, digital platforms can help extend the shelf life of a film and allow it to reach a broader audience.
Will The New Producers Still Recover Their Expenses?
Despite the potential for recouping some costs through satellite and digital rights sales, it is uncertain whether the producers will be able to fully recover the ₹10 crore investment. The film’s poor box office performance indicates that it may not have the widespread appeal needed to command a high price for either its satellite or digital rights. Furthermore, the media landscape is increasingly competitive, with many films and shows vying for the attention of TV and streaming audiences.
However, these avenues still offer the best shot at limiting the loss. If the producers can strike deals with major networks or streaming platforms, they may be able to offset some of their expenses, helping them weather the financial storm caused by the film’s poor performance. Ultimately, the success of these deals will depend on how much value platforms place on the film’s star power, genre, and the potential to generate interest from audiences, despite its theatrical flop.
Naam – A Rejected Old Film
“Naam” may not have succeeded at the box office, but satellite and digital rights still offer a possible lifeline for the producers to mitigate their losses. While it remains to be seen how much the film can command on these platforms, they present the best avenue for financial recovery. The success of the sale of these rights will largely depend on the film’s ability to attract a digital audience and the willingness of media networks and streaming platforms to take a chance on a movie that didn’t perform well in theaters. It’s a challenging situation, but in today’s media landscape, these rights remain one of the few ways to salvage something from a box-office disaster.
[…] Also read: Box Office: Naam is a box office washout; Set to end its run with a net business of Rs 50 lakh […]
[…] Also read: Box Office: Naam is a box office washout; Set to end its run with a net business of Rs 50 lakh […]