One of the leading producers of Telugu Film Industry, Suresh Babu is also an ace distributor has also leased number of theaters across Telugu states. It is known that due to corona virus out break no movie is releasing, all the theaters are shut down and no shootings are happening at this time. Suresh Babu predicts that theaters will be shut down for some months even if lock down is extended. There will be lots of fear in the mindsets of audiences and they will be willing to go to theaters only if vaccine for corona is found out.
All the producers, distributors and exhibitors are going to lose huge chunk of amount and they will be huge losses. It will take years for film industry to recover from these losses. There is lots of unemployment and people need to support to one another. Andhra Pradesh and Telangana collectively had 1850 screens which includes single screens and multiplexes. With more than 2 months without any theatrical release there will be huge losses everywhere.
Suresh Babu is currently producing Venkatesh‘s Naarappa and Rana’s Virataparvam. All Suresh Babu’s plans about these two films went for a toss due to corona virus out break.