Bollywood director Ram Gopal Varma has claimed that the budget for “Ramayana: Part 1” is significantly lower than widely reported figures. He estimates the cost to be around Rs 800 crore (approximately Dh311.69 million), contrary to Indian media reports suggesting a budget of Rs 2,000 crore for the first part and Rs 4,000 crore for both installments.
Ram Gopal Varma disputes budget estimates for Ramayana film
Varma, known for his controversial statements, took to social media to express his views, stating that the actual production cost includes various financial benefits such as global tax incentives and subsidies. He emphasized that the costs of both parts of the film should not be considered equal, comparing it to the structure of a movie’s narrative, where pre-interval and post-interval sequences differ in cost. “I know of films where 50 percent of the cost was just in filming the climax,” he noted.
Ramayana: Part 1 breaks box office records in UAE
The film, directed by Nitesh Tiwari and featuring an ensemble cast that includes Ranbir Kapoor and Yash, has made a significant impact at the box office since its release on November 6. As of November 14, it grossed Rs 1,228 crore globally, setting a record for the highest single-day collection of Rs 1 billion on its first Monday. The film has outperformed other major releases, including “Pathaan” and “Animal,” in terms of net collections.
Varma’s comments align with those of producer Namit Malhotra, who believes in diversifying revenue streams beyond box office sales, including merchandise and potential theme park attractions. Varma expressed confidence in the film’s financial success, suggesting that the profits from “Ramayana: Part 1” could cover the costs for both parts of the saga.
Background on the film and its production
“Ramayana: Part 1” is part of a two-part adaptation of the epic Indian tale. The film’s production involves significant investments in visual effects and world-building, which Varma argues will yield future financial benefits, particularly in gaming and other media. The film’s music is composed by renowned artists Hans Zimmer and AR Rahman, with visual effects managed by the Oscar-winning studio DNEG.
As the film continues to break records, the industry will be watching closely to see how its financial performance evolves, particularly in light of Varma’s assertions about its budget and profitability.
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