Box Office India Trade Network

BOMBAY VELVET grossed around 16.25 crore nett in its first weekend. The film opened to dull collections and remained there. It even failed to jump much on Sunday. The losses on the film will be of the magnitude never seen before for a Hindi film. The first three day business of BOMBAY VELVET is as follows.
Friday - 5,25,00,000
Saturday - 5,35,00,000
Sunday - 5,65,00,000
TOTAL - 16,26,00,000

The recovery of the film from all revenues will struggle to hit 25 crore with the domestic theatrical share looking to settle at 11-12 crore. Overseas is looking 4 crore and though the satellite rights are on the books on the distributors sister company at a high rate the actual revenue will hardly touch 5 crore. Its a similar case with music which will hardly fetch revenue. All this on a 120 crore plus cost which means a near 100 crore loss between the holders of the main rights (theatrical, television and music)

There have been huge losses before be it DRONA, KHELEIN HUM JEE JAAN SEY and GUZAARISH amongst others but nothing like this. It will be easier to beat the box office records of PK then to beat the record losses of BOMBAY VELVET going forward.