Tamil Nadu government gives a shocker to Spyder team

Tamil Nadu government has just dropped a huge rock on the head of something, which was already beaten to death. Spyder, which was directed by AR Murugadoss has had a huge theatrical business involved worldwide. This Superstar Mahesh Babu starrer has done a massive 150cr+ pre release business worldwide, where theatrical rights alone fetched over 125cr. Tamil Nadu rights were sold at 18cr for Lyca Productions.

Spyder bombed at the box office and ended up as a huge disaster. It’s the same everywhere including Tamil Nadu. While the film is already a loss venture for Lyca Productions, the government’s new decision is going to hurt the distributors even more. Along with GST, Tamil Nadu government introduced a new local tax of 10% on movie tickets. So, the total tax on movies would be ranging in between 28% to 38%. It applies to all new releases from September 27th. Since Spyder got released on the same date, the makers need to pay 10% extra tax in the form of local body tax.

Spyder will lose the extra 10% on every ticket. For suppose, Spyder 2 weeks share in Tamil Nadu was around 10cr. Now, the share will be reduced to 9cr after deducting the 10% local body tax. So much burden on a disaster movie.