Bollywood box-office on downward slide

 

Even as India became the toast of Hollywood last month, with the low-budget movie sweeping eight Oscars at the Academy Awards, the local film industry suffered an all-time ticketing revenue low, grossing 430 million rupees ($13.1million) in February, from a high of $89 million in December.

The figures, published in The Times of India, are a blow to the industry, which is banking on a Slumdog-led bounce in the face of a global financial downturn that is beginning to affect India's economy.

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