“The very nature of Bollywood films is changing. Though big-budget films are by no means extinct, such productions are increasingly viewed as financial gambles that must compete with the wider range of high-quality options available to viewers. Even if quite a few Bollywood releases have sold more tickets by virtue of their wider releases, it’s the smaller, more critically acclaimed releases like Newton and Hindi Medium that were among 2017’s most profitable films. This apparent shift has been underway for the past decade—it’s the sense of panic gripping the industry that is new.”