In 1935, the writer Baburao Patel wrote the following about Bombay’s film industry:
In India, with financing conditions still precarious, the professional film distributor thrives… He comes with a fortune made in share and cotton gambling, advances money to the producer at a killing rate of interest plus a big slice of royalty and recovers his investment by blackmailing the exhibitors into giving heavy and uneconomic minimum guarantees. His only aim in life is to multiply his rupee and in prosecuting this aim he does not worry about the future of the industry or about the existence of the producer or exhibitor.