{"id":184814,"date":"2026-06-23T21:32:20","date_gmt":"2026-06-24T03:02:20","guid":{"rendered":"https:\/\/newslink360.space\/?p=184814"},"modified":"2026-06-23T21:32:20","modified_gmt":"2026-06-24T03:02:20","slug":"once-champions-of-indie-films-ott-giants-are-now-acquiring-them-for-as-less-as-rs-30-lakh-bollywood-news","status":"publish","type":"post","link":"https:\/\/newslink360.space\/?p=184814","title":{"rendered":"Once champions of indie films, OTT giants are now acquiring them for as less as Rs 30 lakh | Bollywood News"},"content":{"rendered":"

When streaming entered in India 10 years ago, it brought along with it promise. The promise of discovering new talent, both behind and in front of the camera. The promise of character development \u2014 letting the characters unravel over multiple hours of storytelling instead of condensing their arcs to two or three hours. Then there was also the promise of telling stories that otherwise rarely make it to the big screen<\/a> \u2014 of an India less explored, about Indians less known, and brought to fruition by talent that\u2019s considered too offbeat to co-exist with the mainstream.<\/p>\n

A couple of years into Indian programming, Netflix came up with Ivan Ayr\u2019s cop drama Soni \u2014 a lived-in account of two women cops in Delhi<\/a>. In many ways, it served as a palate-cleanser for Richie Mehta\u2019s International Emmy Award-winning drama Delhi Crime, which released a couple of months later. The following year, Netflix backed Sooni Taraporewala\u2019s film Yeh Ballet, another heartwarming indie that probably wouldn\u2019t have found a home in the absence of the streaming platform.<\/p>\n

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\nEven when Netflix India and its fellow OTT platforms \u2014 Amazon Prime Video India, ZEE5, and JioHotstar \u2014 were not putting their might behind indie cinema, they at least had good taste and the conviction to acquire these films, not only giving them a platform to shine, but also making them their own. But something shifted within the pandemic. One would imagine when people across the world, holed up in their homes, flocked to the television and smartphone screens, they\u2019d watch anything and everything that\u2019s thrown at them.
\n\"With With Soni on Netflix India, came the promise of streaming platforms saving indie cinema.<\/span>
\nThat\u2019s the argument that\u2019s put forth when one argues the crisis theatrical exhibition is undergoing since then \u2014 the audience is now more informed and exposed, thanks to the consumption of world, indie, and regional cinema on OTT, triggered by the pandemic. That\u2019s why they don\u2019t think twice before rejecting anything mainstream that\u2019s substandard, leading to all-time low footfalls in cinema halls. So, are they then staying back at home and marvelling at indie gems on streaming? No. Because there aren\u2019t too many of them that OTT platforms are championing now, as much as they used to when they first entered India.<\/p>\n

\u201cI felt the streaming service was the answer for an independent film to find a home because indie films have never found proper distribution. I\u2019ve done films which have found just two shows in Mumbai<\/a>, and never got an adequate release. That happened initially, but now the clutter is so much that it\u2019s difficult for a film that\u2019s not commissioned to find a home,\u201d Rasika Dugal told SCREEN. The actor\u2019s indie film Fairy Folk, which released in cinemas in March 2024, hasn\u2019t found a streaming platform yet despite her reputation as a leading OTT star with shows like Mirzapur and Delhi Crime.<\/p>\n

As she pointed out, the \u201cclutter\u201d is a major hurdle. After OTT giants witnessed what India, a population of 1.48 billion, can do to its subscription and viewership numbers sitting at home during the pandemic, the mandate shifted from carving out a niche in the country to conquering the nation\u2019s voluminous masses. Acquisition of tentpole films helped further, since they couldn\u2019t find a theatrical release during the pandemic. As a result, streaming became the only go-to distribution channel for films big and small. And we all know who comes out on top in that face-off between David and Goliath.<\/p>\n

Want an OTT release? Go to the theatres first<\/h3>\n

So, then streaming platforms devised a new criteria for choosing films for acquisition \u2014 a qualifying theatrical release first, the performance of which would determine whether you get acquired or not, on what terms, and most crucially, at what price. For reference, when Netflix India acquired Chaitanya Tamhane\u2019s 2020 Marathi film The Disciple, it was one of the most accomplished indie films in recent memory, winning key awards at both the Venice International Film Festival and the Toronto International Film Festival. The price of acquisition was in the Rs 2 crore to Rs 4 crore bracket. But now, that figure has reduced by one-eighth or more.<\/p>\n

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\"Chaitanya Chaitanya Tamhane\u2019s The Disciple was one of the last indie films acquired by a streaming platform at a fair price.<\/span><\/p>\n

Is that because the indie films being made today aren\u2019t upto the mark? Or is it because streaming platforms\u2019 coffers have run out of money? Several indie filmmakers feel it\u2019s just a mechanism devised by these corporate giants to corner them to accept unprecedented low prices for their films. Firstly, irrespective of how impressive or historic the international film festival run has been, an indie film must release in Indian cinemas first, for them to even secure an audience with the acquisition team. While many of them don\u2019t mind going that route, so that their films also qualify for the eligibility criteria for the selection of India\u2019s Oscars entry, several smaller films have to bear the brunt of this lengthy, tedious process.<\/p>\n

\u201cReleasing an indie film in theatres has always been an uphill climb, but more so now because theatre owners and distributors are used to getting quick results. Look at the numbers Dhurandhar did in the opening weekend itself. Why would they entertain smaller indie films like ours when all they want is the big buck,\u201d says an indie filmmaker on condition of anonymity. He points out that his film, despite getting unanimous praise across preview screenings, was barely allotted enough shows in enough cities. \u201cAnd whatever shows there were, they were either at odd timings like 11 pm and\/or priced as high as Rs 250. No matter how promising a film is, we still don\u2019t have the audience who\u2019d burn a hole in their pocket, sacrifice on sleep, and travel across the town to watch an indie film without stars, action, and scale,\u201d he adds.
\n\"Issues Issues faced by Kanu Behl\u2019s Agra led to the formation of Independent Filmmakers Association of India.<\/span>
\nClearly, if releasing in theatres is a formality for indie filmmakers to qualify for a potential streaming release, it\u2019s also treated like one by exhibitors and distributors, who just benefit from their compulsion for a tokenistic positioning. Having already raised funds for the production, the filmmakers have to pay at least Rs 10 lakh upfront to distributors to secure even a basic release. But that\u2019s not enough \u2014 there are multiple hidden costs involved, from facilitating the CBFC application process to mastering the DCP (Digital Cinema Package) to the virtual print fees (VPF), which is often charged per show per week. So, the wider and longer the release, the more is the financial burden on the filmmaker.<\/p>\n

This added hidden cost adds up to between Rs 60 lakh and Rs 1 crore. If an indie filmmaker, who\u2019s made the film in just Rs 5-10 crore, is spending over 10% or 20% cost on only an extremely compromised distribution, what funds would be left for them to promote the film and register its presence in a saturated market dominated by big-ticket star vehicles. Sure, they also spend upto 50% of their total budget<\/a> only on the marketing, but at least they have the financial muscle as well as the scope for returns to be able to invest so heavily on that front. For an indie film, it merely remains another hoop they have to jump through in order to get that evasive meeting with OTT platforms.<\/p>\n

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\"Stolen Stolen benefitted from onboarding four established filmmakers as Executive Producers.<\/span><\/p>\n

Another dent that some tentpole films have caused in the theatrical exhibition system is block booking or corporate booking. \u201cThe exhibitors and distributors are so used to that industry malpractice now that they even ask indie filmmakers like us to pay up if we want to retain our films in even the second or third week of release,\u201d says another director, whose film could manage to stay put in theatres for less than a week. \u201cWhen it released, there was a strong word-of-mouth on social media. That\u2019s the only marketing strategy we had because we\u2019d already exhausted our budget in getting the film released. But by the time the potential audience made up their mind to visit a theatre, the film was already out of cinemas,\u201d he added.<\/p>\n

That\u2019s why some filmmakers adopt a staggered theatrical release. Instead of even entertaining the intention to go big, they locate specific markets where the film is likely to do well. That not only reduces the exhibition costs, but also helps in targeted marketing. But the director of a recent, critically acclaimed Marathi indie film laments that now, exhibitors and distributors have reserved these strategies only for bigger films. Staggered release, BOGO (Buy One Get One) offers, Tuesday discounts, paid previews, and longer advance booking windows \u2014 all of these come with a price tag attached. So, it\u2019s clear that a theatrical release can only be customary for an indie movie. The divide is clear \u2014 if you\u2019re not a tentpole, knock on a streaming platform\u2019s door. Even the middle-of-the-road films have been wiped out of the theatrical market.
\n\"The The Shape of Momo was backed by Zoya Akhtar, Reema Kagti, Payal Kapadia, and Rana Daggubati.<\/span><\/p>\n

OTTs offering all-time low prices to indie gems<\/h3>\n

By the time that mandatory theatrical release is secured and a permanent home on an OTT platform is sought, an indie film is already in a compromised position. The indie filmmaker, who has already spent Rs 70 lakh on average on just getting the film released in cinemas is desperate to get their film a streaming release in order to repay the debt. Having earned barely one-third of that amount through the theatrical run, they need Rs 50 lakh to at least recover the distribution costs. So, they clearly don\u2019t enjoy any bargaining power during the negotiations with the OTT platforms.<\/p>\n

So, the average price of acquisition of an indie film has now slipped down to as low as Rs 50 lakh for a Hindi film and Rs 30 lakh for a regional film. \u201cIt\u2019s not like we can negotiate. The offer after months of chasing and stalling is, \u2018Take it or leave it,’\u201d says an indie director, whose film was one of the top contenders for India\u2019s Oscars entry. \u201cThere\u2019s a wide chasm between how my film was received internationally and the price it got in India. But the sad fact is we\u2019re making these films for our home audience. The international validation is just a way to spread the word. Ultimately, we all crave for validation from our own,\u201d he adds.<\/p>\n

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\"All All We Imagine As Light did India proud at the Cannes Film Festival.<\/span><\/p>\n

In order to escape this vicious cycle of exploitation by both the streaming and theatre ecosystems, more than 120 indie filmmakers came together to form the Independent Filmmakers Association of India. Anshuman Jha, a key member of the association who represented it at the Cannes Film Festival last month, tells SCREEN, \u201cI feel that pre-Covid and post-Covid are two completely different worlds for independent cinema in India. The biggest challenge today is theatre discoverability \u2014 getting audiences to step into cinemas for smaller films. I feel we need to start exploring differentiated ticket pricing models for independent films versus large-scale studio spectacles.\u201d<\/p>\n

He admits that indie films have sunk in viewership when it comes to OTT platforms, thanks to the clutter. \u201cThis is honestly the toughest phase I\u2019ve seen. The economics no longer seem aligned with viewership logic. Earlier, if a Rs 2 crore indie film could deliver 10 million views compared to a Rs 30 crore film delivering 30 million views, there was still clear value in backing independent cinema. Today, there\u2019s a disconnect in that math, and it has created a real vacuum for indie filmmakers trying to survive sustainably,\u201d adds Anshuman. That explains why the platforms are coming up with arbitrary and exploitative viewership-based compensation systems like Rs 3 per view.
\n\"Anshuman Anshuman Jha\u2019s Lord Curzon Ki Haveli found a theatrical release, followed by a home on JioHotstar.<\/span><\/p>\n

What\u2019s the way out?<\/h3>\n

The Independent Filmmakers Association of India, triggered by the issues faced by Kanu Behl\u2019s Agra at the time of its theatrical release last year, is busy figuring out how to build a sustainable ecosystem for indie cinema in the country. Rana Daggubati, whose production house Spirit Media backed gems like Payal Kapadia\u2019s All We Imagine As Light and Rohan Kanawade\u2019s Sabar Bonda, feels along with filing the gaps in distribution, there\u2019s also an urgent need to inculcate a different movie-watching culture in India.<\/p>\n

\u201cThere\u2019s an audience out there who wants to watch, but there\u2019s not a consistent stream of this cinema. It\u2019s not like we have films like Sabar Bonda releasing every week or every month. But we need to find that balance and make it a habit. Say, the second or third week of every month, you have cinema like this, even the distributors would realize that there\u2019s another audience we can consistently cater to. It\u2019s the beginning of a journey that\u2019s going to last a long period of time,\u201d says Daggubati.<\/p>\n

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