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Vijay Singh, CEO, Fox Star Studios, says the focus is to create two kinds of films - tentpole or franchise-based films such as Baaghi 2, Jolly LLB 2 and high quality concept films that are able to draw audiences to the theatres.
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Local box office collections, according to FICCI EY, were around Rs 9,600 crore in 2017 and should grow to Rs 10, 300 crore in 2018. T-Series is another gainer with a share of 9%, while Viacom18 Motion Picture has given up some share. Between January and August this year, Fox Star Studios - a joint venture between the US-based 21st Century Fox and Star India - has cornered a 16% market share, reveals data from ComScore its share in CY2017 was 11%. A slew of releases in the past three years - from Neerja, Judwaa 2, Baaghi 2, Jolly LLB 2 to the recently released Sanju - has helped Fox Star Studios gain market share in the film production business.
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