Indian cinema sees 3pc decline in business in 2024

2024 witnessed the release of numerous big-budget films, with some achieving phenomenal success at the box office while others fizzled out quickly. As per a recent report by Ormax Media, only three films managed to cross the ?500 crore milestone, with Allu Arjun's Pushpa 2: The Rule emerging as the highest-grossing film of 2024.

On Monday, Ormax Media released the Box Office Report: 2024. It stated that the Indian box office grossed ?11,833 crore in 2024, becoming the second-best year of all time at the Indian box office, trailing behind the collections of 2023 ( ?12,226 crore).

Despite a marginal 3% decline compared to the previous year, 2024 still stands as the second-highest-grossing year at the Indian box office, falling just short of the ?12,000 crore milestone. It also marks the fourth year to surpass the ?10,000 crore mark, following 2019, 2022 and 2023.

The report further shared that the Hindi cinema saw a decline in 2024, with collections dropping from ?5,380 crore in 2023 to ?4,679 crore, and its box office share reducing by 4% percentage points to 40%.

Allu Arjun and Rashmika Mandanna’s Pushpa 2: The Rule emerged as the highest-grossing film of 2024, with a gross box office of ?1,403 crore. Its dubbed Hindi version raked in ?889 crore, setting a new record as the highest-grossing film in Hindi of all time.