Report from Chennai: Justice Senthilkumar Ramamurthy has expressed serious concern over the lack of financial structure in the Tamil film industry. Throwing light on the current financial arrangements of the film industry, Justice said that there is no systematic system to raise capital, which is hindering the growth of this sector. Justice Ramamurthy said that there is no dearth of talent and creativity in Tamil cinema, but uncertainty of finance and unorganized funding model raises many concerns. He suggested that the authorities and concerned bodies should create a transparent and streamlined financial framework so that both artistes and producers can get proper support.
He also stressed that clear regulations and guarantees should be made available to individuals and entities investing in film production. This will not only bring financial stability to the industry, but will also provide more resources for quality projects.
The Tamil film industry is a multi-crore business, but the prevailing methods for financing often prove inadequate in the long run. Furthermore, the industry also suffers losses due to lack of transparency in loan and investment matters. The Justice suggested that a coordinated board or body be created that could regulate and standardize the matters of Tamil film financing.
Cinema industry experts and producers also supported the Justice’s views and believed that reforms in this direction would make Tamil films more competitive and firmly established at the global level. Having basic financial arrangements in place is extremely important for the growth of the industry.
Ultimately, Justice Ramamurthy’s statement is an urgent call for financial reforms for the Tamil film industry, which will prove beneficial for artistes, producers and investors alike. The government and related organizations are now expected to take serious steps in this direction.
