RSVP Movies, Helmed by Ronnie Screwvala, Intends to Increase Production Budget

At a time when Bollywood is struggling with a decline in box office performance, Ronnie Screwvala's RSVP Movies intends to take a risky step by increasing its ₹200–250 crore yearly production expenditure in order to expand its content pipeline. This will aggravate the risk-return ratio.

"I would assume that the average yearly RSVP outlay is between ₹200 and ₹250 crore. Our working capital investment cycle often looks like this. Screwvala, the producer of popular movies like "Chennai Express," "Uri: The Surgical Strike," and "Barfi!" told, "I am willing to grow that sum."

Screwvala stated that RSVP will use its cash reserves to fund its projects and has no plans to hunt for outside investment at a time when the majority of film production companies are trying to raise money.

The goal of RSVP, which has produced roughly 40 movies and web series and owns the intellectual property (IP) for the majority of the releases, is to make three or four films year.

According to Screwvala, RSVP Movies is a passion project. The production firm creates a variety of films with budgets ranging from ₹1 crore to ₹100 crore. 'Mismatched' and 'Lust Stories' are two web series that the company has developed.

Screwvala described the content production industry's future as "phenomenal," but he also pointed out that producers must become more adept at taking risks.

"All we need to do is be more open-minded and willing to take chances. It becomes an issue the moment we stop taking chances. This is what is being place at the moment," Screwvala stated, adding that previous setbacks shouldn't discourage filmmakers from creating excellent material for viewers.

PVR Inox, MD In order to keep people going to the theater, Ajay Bijli had previously urged filmmakers to provide top-notch big-screen material. One of the largest markets for film production is India, where between 1,500 and 2,000 films in various languages are released annually.

With U Sports, a division of his Unilazer Ventures, which owns teams in the Pro Kabaddi League (PKL), Ultimate Table Tennis (UTT), and Global Chess League (GCL), Screwvala is similarly optimistic about the Indian sports industry.

The other two franchises are still in the investment stage, but his PKL squad is profitable and successful.

Screwvala lamented that PKL's ownership by a broadcaster, Jio Star (formerly Star India), which owns a 74% part in Mashal Sports, the company's owner, prevents it from reaching its full potential and adding value for stakeholders.