The annual turnover of the entire Telugu film industry is estimated to be around Rs 2,000 crore to Rs 3,000 crore. However, this amount is distributed across big-budget films, mid-range films, and small-scale productions.
Despite this, the film industry remains in the spotlight, attracting significant attention. The scrutiny is so intense that many assume financial irregularities and crimes are prevalent within the industry.
Whenever an IT raid occurs, it is widely believed that a significant portion of the black money in society is concentrated within the film sector.
Such incidents often lead to a period of disruption. Communication between producers and actors comes to a halt, as everyone fears that IT officials might scrutinize every individual involved.
To avoid complications, industry professionals cautiously refrain from contacting each other, causing delays in various ongoing and pending projects.
The film industry is already facing financial challenges, with the number of financiers significantly declining.
If IT raids continue, the remaining financiers may also withdraw their support to film producers. This is because financiers, too, are being scrutinized and implicated in these raids, creating a chain reaction. Without their support, filmmaking will become increasingly difficult.
Banks rarely provide direct financing for films. They may extend some financial assistance through mortgages or overdrafts. Advances secured through OTT agreements also offer limited funding.
As a result, producers are forced to arrange finances from multiple sources. If IT raids disrupt these channels, the industry will undoubtedly face severe turmoil.
There is widespread talk that lower-level employees, such as accountants, cashiers, and other staff members, are also being interrogated by the IT department. This has further intensified concerns within the industry.
Even employees earning modest salaries are being called in for questioning, adding to the prevailing anxiety and making it difficult for the industry to function smoothly.
While the actual situation may be concerning, speculation and rumors are further amplifying the perceived severity of the issue.
