On Monday 14 Jul 2008 10:03:35 am Gautam John wrote: > http://blog.wired.com/business/2008/07/bollywood-stung.html > > It's been a rough year for Bollywood. The Indian movie industry > reportedly posted a loss for the first six months of 2008. And out of > 116 films released during that period, there were only two hits and > another two "average grossers," according to the Economic Times of > India.
I read, or heard today that Bollywood funding is increasingly becoming "white" and legal - with 60% of productions now being funded with white money. Even banks are getting involved - unbelievably. Hence the accounting. The usual source for funds has traditionally been the gangs - such as Dawood Ibrahim or Abu Salem and other assorted extortionists and/or terrorists. These people probably did not report losses, and in any case made them up in the usual way. shiv
