THE worst nightmare of Mumbai's dream merchants comes true: tinsel town's been hit by an avalanche of debilitating duds and there's no escape chute in sight. Consider the dismal tally: 42 releases in the first quarter of 1998, 38 total washouts, one middling hit (Pyar Kiya to Darna Kya), three 'overflow' films (including Kama Sutra, for all the wrong reasons). Motion picture distributors around India—they've obviously been the worst affected—have lost over Rs 90 crore in the bargain. "This," says K.D. Shorey, general secretary of the Film Federation of India (FFI), "does not include the losses suffered by the producers and overseas distributors."