Says showman Subhash Ghai in a no-holds-barred chat with Debarati Palit after the screening of his movie Black and White at the Pune International Film Festival

Quite content with the response Black And White received from the audience and the judges at the 7th Pune International Film Festival, ace film director Subhash Ghai spoke to this reporter about the effect of economic slow down on cinema, his hits and flops and the critics.

As the ongoing economic slowdown has hit every sector, how has it affected the film industry?
People are shying away from investing in high budget films, as the risk factor involved in making such movies is very high. Earlier, most of the production houses used to invest 30 per cent of their money in parallel cinema but not now as there are fewer takers for parallel cinema.
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But with the growing numbers of multiplexes, the situation has not gone that bad. There's a niche group of audience for all kind of films.