Producer Paying Monthly 10 Crore Interest?

Be it the pandemic first wave or second wave, there is no respite for some big film producers who invested so much money on their films and took large sums of money as finance. Here is one such prominent producer who often made star-studded films in T-town. He is bankrolling a massive film and this is said to be taking a huge toll on him.

Buzz is that the producer is said to be paying about Rs 10 Crores per month in the form of interests to his financiers. The delay of the film for various reasons is certainly increasing the film’s budget. However, the craze on the film is said to be what keeps him going.

Ensemble cast and star director of the film have catapulted a huge craze for it. Expectations on the film are massive. So, the producer is quite confident about the project and is very hopeful of pulling it off and making profits by the end. The film’s theatrical rights and digital rights for regions have been struck. However, he has received only partial advances towards them. While these subsided the burden to an extent, the interest to repay the money lenders has become part and parcel.

As the unlocking of shootings and cinemas is expected, the producer is eagerly looking forward to it as once the business gets as usual, it gives him a huge relief. There are many such producers in the industry who are burdened with interests. Financiers are in no mood to give them a relief since even banks haven’t given any moratorium or EMI waiver.