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Do Oscars await? Thu, Dec 15 2011 Analysis & Opinion India Markets Weekahead: Time to build a long-term portfolio Don 2: Don’t expect too much Related Topics Entertainment » Fashion » Film » Bollywood actor Salman Khan (R) reacts on the green carpet for the International Indian Film Academy (IIFA) awards in Colombo June 5, 2010. Colombo is playing host to the annual awards which are held in a different city each year -- a sign of Bollywood's efforts to broaden its global appeal. Credit: Reuters/Dinuka Liyanawatte By Shilpa Jamkhandikar MUMBAI | Sun Dec 25, 2011 9:02pm EST MUMBAI (Reuters) - Bollywood struck gold in 2011, revving up lacklustre box offices in India with help from its leading men who wooed audiences back to cinemas after a dismal 2010. Domestic revenues hit 19.25 billion rupees ($363.2 million) this year, up from 14.5 billion rupees in 2010, and an unprecedented four films crossed the billion rupee milestone. Two of those blockbusters starred actor Salman Khan. The solid performance contrasted sharply to the previous year when there were hardly any hits. "Audiences and filmmakers have gone back and discovered stories that are close to our Indian roots," said Sanjeev Lamba, Chief executive of Reliance Entertainment, which produced two of the year's biggest blockbusters -- "Bodyguard" and "Singham". "Bodyguard", in which Khan plays a personal security guard to a rich man's daughter and ends up falling in love with her, was the most successful Bollywood film, raking in more than 1.5 billion rupees ($28 million) at domestic box offices. "Singham" told the story of a right-minded police officer who stands up to a corrupt politician and was accompanied by romance, drama and high-octane action. Both "Bodyguard" and "Singham" were panned by critics but loved by audiences. And both featured strong central characters, harkening back to the 1980s and early '90s in Bollywood when films were centred on the hero and his defeat of a villain in a battle of good versus evil. "Audiences have always loved the dilemmas of the hero, a little bit of action, some drama and some romance," Lamba said. "We had a lot of that this year." Other themes were successful, too. Offbeat films like "The Dirty Picture", based on the life of a soft-core porn star, proved to be sleeper hits and took industry analysts by surprise. Together with the likes of "Singham" and "Bodyguard", these smaller films proved audiences have an appetite for both mass market and niche-oriented work. "It is not that more people are watching movies, but that the same audience is watching more movies," said Shailesh Kapoor of Ormax Media, a firm that specialises in film market research. "HARRY POTTER" HOT; "RA.ONE" NOT But widely-hyped movies like superhero film "Ra.One" were a let-down. In spite of a publicity blitzkrieg, actor Shah Rukh Khan's film did not live up to expectations with around 1.2 billion rupees ($22 million) in net box office. That was just a bit more than its official budget of a billion rupees. Industry estimates put the film's cost at over 1.5 billion rupees. Aside from that, for the most part, Bollywood managed to keep its purse strings in check, with production houses learning that budgeting a film right is half the battle. "Balaji Motion Pictures made 'The Dirty Picture' at a budget of less than 300 million rupees but have chosen themes and subjects which are interesting, and (they) publicised their films so well that audiences have felt compelled to watch them," said industry analyst Vajir Singh. Big studios like Reliance and UTV also have changed their business models, preferring to co-produce films rather than acquire them after completion. Last year, Reliance suffered losses after two big-ticket acquisitions, Mani Ratnam's "Raavan" and Hrithik Roshan-starrer "Kites" flopped at box offices. "This year, all our films have been co-productions or our own productions and we have seen the successes," Lamba said. "We prefer to be creatively involved from the beginning of the project rather than coming in at the end in an acquisition scenario." Indian audiences also warmed up to Hollywood blockbusters including "Harry Potter and the Deathly Hallows: Part 2" and "The Adventures of Tintin: The Secret of the Unicorn" -- something that wasn't seen until just a few years ago due mainly to Bollywood's dominance of the box office. "These days, the box office collections of good Hollywood films can rival those of a Bollywood film," said Sunil Punjabi, chief executive of the Cinemax chain of multiplexes. "The Adventures of Tintin," which was released along with Ranbir Kapoor's "Rockstar" in November, made more than 70 million rupees its opening weekend (Editing by Elaine Lies and Bob Tourtellotte) Entertainment Fashion Film Tweet this Link this Share this Digg this Email Reprints Entertainment News From the Wrap Donald Trump Leaves GOP, Registers as Independent 25 Dec 2011 Trump's dalliance with the 2012 presidential race continues 'Mission: Impossible' Tops a Soft Christmas Eve Box Office 25 Dec 2011 With Christmas Eve falling on a Saturday, moviegoing dipped -- but Hollywood expects audiences to return in strong numbers Christmas Day SAG-PPHP Board Tells Members: 'Your Pension is Safe' 24 Dec 2011 The plans' trustees say that $2 million in misappropriated funds have been "substantially" recovered TheWrap's 2011 Year in Review: From Moguls to ... WTF?! 25 Dec 2011 Winning -- and losing -- moguls, notable deaths, memorable TV and movie performances, more We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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