Bombay Velvet First Day Box Office Collections:6th Highest of 2015
Bombay Velvet First Day Box Office Collections:6th Highest of 2015
First Day Box Office Collection
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Bombay Velvet collected 6 Crore in estimates on its first day at india box office
First Day Box Office Collections of Bombay Velvet are 6th Highest of 2015 behind Gabbar is Back , Roy, Baby, Badlapur and Tevar
This is a disastrous opening for a movie with such a high budget and so many screens.
Amazingly opening day collections are even lower than Roy which had Ranbir Kapoor in a guest role only.
Even Besharam the last Ranbir Kapoor movie which was panned by critics had collected 19.87 Crores on its opening day.
Trade was completely negative on this movie since Anurag Kashyap doesn't have a great box office record and was now taking on a movie with a budget of over 100 crores.
Bombay velvet is in the category of urban niche films which appeal mostly to multiplex audiences in Top 8 Indian Cities only
A successful urban niche film usually collects in the range of 50-60 Crores so for this category of movie to be successful the cost should be lower but Bombay velvet is amongst most costliest movies in Bollywood
Screens:
Bombay Velvet is a wide release across 2600 screens Pan India with more multiplexes than single screens.
Budget:
Total cost 110 crores. Production Cost 90 Crores and Prints and advertising cost 20 Crores.
This is Ranbir Kapoor's first movie to have a cost of over 100 Crores and only the 10th bollywood movie ever to have a cost above 100 Crore
Hit or Flop Economics:
Music, Overseas and satellite has lead to a recovery of Rs 40 Crore. The remaining recovering should come from India theatrical and so it needs to have a distributor share of 70 Crores to break even.
To achieve a distributor share of 70 Crores Bombay Velvet should at least collect 140 Crores nett at India Box Office.
Bombay Velvet was conceptualized 3 years ago when satellite market was booming and a 35-40 Crores was a price nay big movie always achieved but now the market is in a slump which has messed up the economics even more.
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