Saaho and Sye Raa ended up as huge flops in Karnataka with buyers losing crores of rupees invested into these mega budget films.
These films were expected to recreate the magic of Baahubali movies, but they turned out to be mega loss ventures in Karnataka. This is affecting the business of upcoming biggies from Telugu industry.
Karnataka used to be the biggest market for Telugu films after Nizam. But local buyers are not willing to take big risks post Saaho and Sye Raa mishaps.
Business of upcoming Sankranthi biggies Sarileru Neekevvaru and Ala Vaikuntapuramulo is yet to be closed in Karnataka. Buyers are not quoting big price and producers are not ready to sell them for low rates.
Overseas market has already come down after looking at the response for recent movies and there's a big dent in Karnataka market too.
Apparently, Telugu cinema market dynamics are going to change with two of the biggest markets losing steam.
This is not a great sign for Telugu Cinema that has been working on making pan India films in large numbers.
