MULTIPLEXES

PVR Inox is implementing strategic changes in its multiplex business to mitigate risks and ensure profitability, focusing on revenue sharing, cost optimisation, and debt reduction. The chain plans to shut down non-performing screens, expand food cou...

PVR Inox shifts strategy with cricket and concerts amid low footfall and revenue in Q4FY24. Despite challenges from elections and IPL, the diversification aims to sustain growth. The cinema chain eyes southern India for screen expansion, banking on ...

PVR Inox has partnered with Devyani International to expand into the food and beverage sector. Devyani will hold a 51% stake, while PVR will have 49%. This joint venture aims to boost pre-ticketing F&B revenue through branded food courts adjacent to...

Devyani International has formed a 51:49 joint venture with multiplex operator PVR Inox to develop and operate food courts within shopping malls in India. The companies have no consideration exchanged and will invest in the proposed company's share ...

According to various estimates of trade analysts, multiplexes having five to six auditoriums are restricting shows to two or three, while some single-screen theatres are temporarily shutting operations, due to poor business and large expenses associ...

As many as 78 credit cards of various banks have rolled out attractive offers on movie tickets such as buy one get one (BOGO) free ticket, discount up to a certain ticket price, providing a fixed number of free tickets in a month, cash back on ticke...

According to the latest Ficci-EY media and entertainment report, footfalls in theatres (single screens and multiplexes) have fallen by 9% to 900 million in 2023 from 994 million in 2022. But, gross box-office collections (before tax) of single scree...

The new Ram Lalla idol was consecrated at the Ayodhya temple on Monday, an event led by Prime Minister Narendra Modi. The live broadcast in cinemas was conducted in association with Aaj Tak.

This will be the largest fund-raising round by Bigtree Entertainment Pvt. Ltd, which operates BookMyShow. Reliance unit Network 18 is the largest shareholder with a 37% stake.

Ajay Bijli, managing director of PVR INOX, has rekindled his passion for music after leaving his family business to pursue his passion. Bijli began with covers of songs he liked in English and Hindi during the COVID-19 pandemic. He then decided to t...

PVR Inox, India's largest multiplex operator, is planning to open 150 screens in the next fiscal year with an investment of approximately Rs 500 crore. The company already operates 118 screens across 23 properties in Mumbai and a total of 1,711 scre...

"The best is behind for the likes of PVR in terms of occupancy because the occupancy in the second quarter was around 32%, which was in line with pre-Covid levels. If you look at Q3, we will see a decline in terms of occupancy because for now, we ha...

In stark contrast to an exceptionally good September quarter, the Hindi film industry has faced a subdued start to the December quarter, with all 14 movies released in October failing to attract significant audiences to theaters. Notably, big studio...

Leading multiplex chain PVR Inox has reported a consolidated net profit of Rs 166 crore for the quarter ended September 2023. The company had posted a loss of Rs 71 crore in the year-ago period. Revenue from operations during the quarter jumped 191%...

Rajiv Gupta, managing director of Wave Group, stated that audiences have returned to cinemas and the competition from OTT platforms cannot replicate the cinema experience. The Wave Group plans to invest Rs 100 crore to add 35 screens to its existing...

The Multiplex Association of India (MAI) is organizing a 'movie marathon' on National Cinema Day, October 13, in collaboration with cinemas across the country. Moviegoers can participate in the marathon for just Rs 99 per admission. Over 4000 screen...

Last weekend witnessed a record number of admissions in Indian cinemas, with over 2.1 crore moviegoers attending films such as 'Gadar 2', 'Jailer', 'OMG 2' and 'Bhola Shankar', collectively grossing over Rs 390 crore ($52 million). The Multiplex Ass...

Made at an estimated budget of Rs 500 crore, the multilingual film released today in Hindi, Tamil, Telugu, Malayalam, and Kannada across 5,000 screens in India.

The share of food and beverage (F&B) revenue in the total revenue generated by key multiplexes has been increasing amid falling footfalls and rising prices of such items. However, they may not be able to raise prices further if the footfalls fail to...