Bhubaneswar, Jan. 18 -- The Indian box office in 2024 revealed a stark reality for both Bollywood and Hollywood, with both industries experiencing significant declines. An analysis of trends discussed in the report by Ormax Media revealed the rise of regional cinema as well as the South film industry's growing stronghold on Indian audiences.

In 2024, Bollywood's share dropped to 40% as collections fell by 13% to Rs 4,679 crore, highlighting an overreliance on blockbuster titles. Meanwhile, Hollywood's performance in India saw a 17% decline, with collections at Rs 941 crore and footfalls plummeting to their lowest since 2015.

Despite strong performances by dubbed South Indian films, the sustainability of Bollywood's reliance on blockbust...