India, Feb. 8 -- 2024 seemed like a good year for the Malayalam film industry, with hits like Manjummel Boys, Premalu, Aavesham, The Goat Life and Marco. However, the producers, distributors and exhibitors claim that the film industry suffered major financial losses that year for various reasons. They also warned of a shutdown from June 1 should these issues not be resolved. (Also Read: Basil Joseph talks about veering off comedy in Ponman: 'Wanted to experiment as an actor')

A NewsMinute report states that film producer G Suresh Kumar announced the decision on Thursday after a meeting with producer associations, exhibitors, distributors, and the Film Employees Federation of Kerala (FEFKA). "Of the 200 films that were released last year,...