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This is an archive article published on July 18, 2023
Bollywood movies lead the pack, Kannada industry sees major decline according to Ormax Media’s box office report for 2023
Bollywood movies saw a jump in revenue in 2023, as compared to last year. Meanwhile, South Indian movies saw a decline, which can mostly be attributed to the Kannada industry.
Shah Rukh Khan in a still from Pathaan.
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Bollywood movies lead the pack, Kannada industry sees major decline according to Ormax Media’s box office report for 2023
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The overall box office performance for all Indian films has marginally decreased in comparison to 2022 at the same point, even though Hindi movies have shown an improvement. According to analyst firm Ormax Media’s bi-annual report charting the film industry’s commercial performance, Indian movies have grossed a total of Rs 4868 crore between the months of January and June.
This represents a 15% year-on-year decline, but the margin is expected to reduce by December. 2023 is projected to end at Rs 9736 crore, with major titles such as Jawan, Salaar and Tiger 3 lined up for release. Only two years have generated more than Rs 10000 in gross revenue — 2019, and 2022. This year’s highest-grossing film remains Shah Rukh Khan-starrer Pathaan.
The action spy film contributed to 13% of overall collections this year. The Hindi language share rose from 33% in 2022 to 37% this year, while Kannada movies dropped from 8% to 2% this year. January was the biggest month of the year, followed by June, which saw the release of Adipurush, Satyaprem Ki Katha and Zara Hatke Zara Bachke.
The top 10 Indian films of the year are as follows:
Pathaan (Rs 646 crore)
Adipurush (Rs 333 crore)
The Kerala Story (Rs 263 crore)
Varisu (Rs 212 crore)
Ponniyin Selvan: II (Rs 206 crore)
Waltair Veerayya (Rs 190 crore)
Tu Jhoothi Main Makkaar (Rs 154 crore)
Fast X (Rs 135 crore)
Thunivu (Rs 134 crore)
Kisi Ka Bhai Kisi Ki Jaan (Rs 123 crore)
Language wise, Hindi movies contributed to a 37% share, followed by Telugu films (20%), Tamil films (17%), Hollywood (12%) and Malayalam movies (5%). In 2022, the success of KGF: Chapter 2 and RRR pushed the combined share of South Indian films to 50%. This year, the combined South Indian share has dropped to 44%.
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