India’s Bollywood film industry has entertained billions of people – but for how much longer?
The industry is facing its biggest-ever crisis as the competition heats up in the streaming war
The South Asian giant churns out almost 2,000 films each year.
Cinemas have fallen quiet, even in Bollywood’s nerve centre of Mumbai, with box-office receipts plunging.
Bollywood is also hurt by the rise of streaming.
Around half of India’s population has access to the internet and streaming services, including international players such as Netflix, Amazon Prime and Disney+ Hotstar have 96 million subscriptions.
Movie-goers told AFP that many Bollywood films were simply not good enough.
But streaming isn’t the only rival – Telugu-language aka Tollywood movies, which is a south Indian competitor to Hindi-language Bollywood, have soared to the top.
“Bollywood, after decades of storytelling… seems to be at an inflection point unlike any other disruption it has faced before,”
State Bank of India’s chief economic adviser Soumya Kanti Ghosh in a recent report.
The Bollywood industry needs to pivot fast to maintain its large audience who are consuming their films elsewhere post-pandemic.
Wall Street traders are increasingly confident the Federal Reserve will cut rates next week.
Fresh inflation data has showed prices edging higher but growth slowing, and with jobs, markets, and political pressure all in focus, the Fed’s decision could be pivotal for the economy.
In Short:
– Federal authorities are investigating the shooting of Charlie Kirk, who was killed at Utah Valley University.
– A manhunt for the actual shooter is underway; two men have been questioned and released without charges.
Federal authorities are investigating the shooting of conservative influencer Charlie Kirk, who was killed while speaking at Utah Valley University.
The incident occurred around 12:20 PM when Kirk was shot in the neck, leading to a chaotic scene as attendees fled. Kirk, a father of two, died shortly after being taken to a local hospital.Investigators believe the shooter fired from a building approximately 200 yards away.
During the aftermath, two men, one of whom claimed to have fired the shot, were taken into custody but later released without charges. A manhunt is ongoing for the actual shooter.
Utah Governor Spencer Cox stated that those responsible will be held accountable, outlining the state’s commitment to justice.
President Donald Trump condemned the political climate surrounding Kirk’s death, blaming extreme rhetoric and violence.
In a statement, he remembered Kirk as a patriot who advocated for open debate. Following the incident, vigils were held nationwide, and classes at the university have been cancelled.
Ongoing Investigation
As investigations continue, American flags will fly at half-staff until Sunday in honour of Kirk.
“I want to be very clear that this is a political assassination,” Utah Governor Spencer Cox, a Republican, told a news conference.
“And I just want to remind people that we still have the death penalty here in the state of Utah.
The Utah Department of Public Safety said that its State Crime Lab was “working with multiple active crime scenes”.
“These were identified based on where the victim was shot, as well as the locations where the suspect and victim travelled,” a department statement said.
“The shooting is believed to be a targeted attack. The shooter is believed to have fired from the roof of a building down to the location of the public event in the student courtyard.”
Eyewitness account
Attendee Tiana Lao said the shooting came as a shock in what otherwise felt like an= normal event.
“We didn’t realise it was real at first and then everyone began rushing out, shouting to get down in panic and distress,” she told ABC News.
“People were excited. There were some opponents like there usually are at these events … but they were peaceful, so this was a total shock.”
Conservative activist Charlie Kirk assassinated at Utah university, leaving a significant void in U.S. conservative politics. #BreakingNews
Conservative activist Charlie Kirk has been assassinated while speaking at a Utah university, sparking shock and grief across America.
Known as the founder of Turning Point USA, Kirk became a leading voice in the MAGA movement, shaping conservative youth politics and energising Donald Trump’s base.
His sudden death leaves a major void in the U.S. conservative landscape.