MUMBAI: India’s largest cine media network UFO Moviez has decided to forego 100 per cent salary at MD, JMD level and 50-60 per cent salary at the entire leadership team level so that each and every member of its team is taken care of in this difficult time. According to a company press release, the cine network will continue to do whatever it takes to ensure the wellbeing of its team and the society at large.    

The ongoing nationwide lockdown has severely impacted all segments of the economy, and more so for the cinema exhibition industry as theatres have shuttered across the country. Cinema being an out-of-home entertainment option, the film industry has been significantly impacted and will take the longest time to recover.

“The leadership team of UFO acknowledges the current crisis and its challenges and are determined to ensure that every employee down to the frontline/lowest level is protected and does not lose his/her livelihood. UFO firmly believes that the show must go on, come what may,” stated the release.

Simultaneously, the company is developing long-term survival strategies to insulate it from such unforeseen events in future. UFO employees have been encouraged to give their ideas and suggestions on cost optimisation, identifying newer revenue streams by utilising its current strengths and infrastructure.