Has Covid-19 and lockdown caused streaming platforms to slash their budgets?
In a recent development, the buzz is streaming networks are opting for budget cuts due to the impact of Covid-19. According to few sources, it is said Netflix and Amazon Prime are slashing budgets for the shows commissioned months before.
The Family Man creators Raj & Krishna were said to have agreed upon salary cuts as per revised budget, which would apparently fetch lower profits. However, Raj & DK came forward in response to the report and said they have not been asked for any budget cuts. “We’ve been getting calls about the news that we’re facing budget cuts on our series “The Family Man”. To be honest we’re not facing or have been asked for budget cuts for our show or for any of our upcoming shows. Moreover the shoot for “The Family Man” was completed before the lockdown, so the budget cut is irrelevant.
The reports also mentioned the same about the “Mirzapur” team to have agreed upon the budget cuts. Mirzapur shoot was also completed before lockdown. Similarly, it's said Zoya Akhtar and Reema Kagti the creators of “Made In Heaven” will cut down on the number of episodes, so as not to compromise on the quality of the content. Neither Mirzapur nor Made in Heaven have commented on the said report.
However, if you remember Zoya Akhtar had shared a picture of the Made in Heaven script a month ago on a social media platform confirmed that the work is still in progress.
The lockdown has pushed the streaming platforms to offer new content to its viewers who are constrained to their streaming devices. There have been multiple announcements from all the leading platforms with their originals and film debuts. Upcoming weeks will see a lot of releases which includes Amitabh and Ayushmann starrer Gulabo Sitabo on Amazon Prime. Red Chillies Entertainment's Betaal an original series to stream on Netflix.