The Arab Film Institute, which was launched earlier this month, announced its plan to hold the first Arab Film Awards. The organization, modelled after the Academy of Motion Picture Arts and Sciences, aims to recognize outstanding work in the film industry in 19 categories.
film industry
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India, the world's largest democracy and home to highest number of movies, is struggling to perform at box office collections. There's no correlation between the number of movies released every year and revenues they generate for the film industry. The India's film industry is just grossing mere $2billion every year at the box office while it registers about 2,000 movies annually. Considering the number of movies it makes every year, India should have been leading the world in terms of revenues as well. But it couldn't as the piracy alone eating into INR19,000 crore ($3.34billion) revenues every year.
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