'They contest to ensure they win the election.'
Shringar Cinemas, a movie distribution and multiplex company, will spend up to 78 per cent of the amount it plans to mop up from the forthcoming IPO on setting up multiplexes.
2003's Kal Ho Naa Ho is still winning hearts!
The film has been surpassing huge milestones at a rapid pace and hasn't taken much time to march up to the Rs 500 Crore Club as well.
Diwali blockbusters Saawariya and Om Shanti Om may not be screened at a multiplex near you. Leading multiplex chains PVR Cinemas, Inox Lesiure, Cinemax India and Fame, which account for 80 per cent of the country's multiplex screens and half the box office collections, have rejected a demand for a higher revenue share by the films' distributors and have threatened a blackout.
With the opening of these multiplexes, the total number of screens of the company would go up to 76 with an aggregate seating capacity of 19,454.
FLEXI Show will give the audience the freedom to leave the movie hall at any point while paying only for the time they watched it.
Maharashtra Navnirman Sena chief Raj Thackeray on Tuesday warned multiplexes which are not showing Marathi films despite government directives. "Prepare a list of multiplexes that are not showing Marathi films from Wednesday," Raj told his partymen on Tuesday at the third anniversary of the MNS Cine Workers Association. Despite the government resolution which makes showing of Marathi films compulsory, the multiplexes are breaking norms and this cannot be tolerated, he said.
PVR Inox shares hit a 44-month low of Rs 1,154, declining 8 per cent on the BSE in Tuesday's intra-day trade in an otherwise firm market, driven by growth concerns. The stock has slipped 23 per cent from its December high of Rs 1,620, touched on December 5, 2024. It has fallen below its previous low of Rs 1,203.7 from June 4, 2024, and is trading at its lowest level since May 2021.
After a flurry of flops and disasters -- Tumbbad bringing in a whiff of fresh air despite being a re-release -- Devara has managed to bring audiences back to theatres.
Analysts estimate that Pushpa 2 (in all languages) will become the fastest film to cross the Rs 1,000 crore (Rs 10 billion) mark.
Organised players have been the biggest beneficiaries after the lockdowns were lifted. Given real estate is not as expensive now, players want to take advantage of the trend.
On September 13, three nostalgic movies are up for re-release: Shah Rukh Khan's ageless romance with Preity Zinta Veer Zaara, Riteish Deshmukh and Genelia Deshmukh's first film together, Tujhe Meri Kasam and Soham Shah's horror film, Tumbbad.
Loud music, bombastic action scenes, over-the-top dialogues that don't have any ring of truth to it followed by scenes of blood-oozing bodies floating in a river definitely don't make for a magnum opus!' exclaims Prasanna D Zore after watching the Chhaava trailer.
From June onwards, millions of Bollywood buffs may now have to watch the new Hindi films at the 8,000-plus single-screen theatres across the country and not in multiplexes. This is because the talks between Bollywood producers and multiplex owners have broken down over sharp differences in the terms and conditions of the proposed revenue sharing agreements.
Vicky Vidya Ka Woh Wala Video managed to do better than Jigra as it is more massy in its treatment and presentation.
The multiplexes have risen against Yash Raj Films yet again. The banner's new release, Tashan, has still not found a multiplex to be released in today. The film will, however, release in single screen theatres.
Pushpa 2's advance bookings have set a new record, with advance bookings standing at Rs 50 crore on Day One.
Trade analyst Vinod Mirani gives us the box office verdict for the week.
>The success of Stree 2, which emerged as the highest-grossing Hindi film, was significant to PVR Inox's performance in the July-September quarter.
'There is a clear business impact. People are avoiding crowded places and gatherings across cities. This is hitting business, both at traditional and modern trade outlets, during the Holi season, which kicked off from Saturday,' says Praveen Khandelwal, general secretary, Confederation of All India Traders (CAIT).
The stand off between producers and multiplex owners over revenue sharing is finally over.
Film production and distribution company Shringar Cinemas has decided to set up its own independent chain of multiplexes under the FAME brand name.
Dispelling fears that the swine flu threat may keep people away from theatres and multiplexes during the long weekend (August 14, 15 and 16), Kaminey, the latest Bollywood release produced by UTV, is estimated to have done business of around Rs 22 crore, with multiplexes accounting for nearly 55-60 per cent of the weekend business at the domestic box office.
Raj Thackeray had on August 10 directed all multiplex owners to screen Marathi films at prime time.
PVR has bought 69.27 per cent of the promoter's stake held by the Kanakias in Cinemax for Rs 395 crore.
'I don't think Waheeda had the confidence that I could pull it off, so she said no.'
Shravan Shroff, Managing Director, Fame India Limited is hopeful that the producers can come to an agreement regarding revenue sharing of profits.
State and UT governments have been given the flexibility to take a decision on re-opening of schools and coaching institutions after October 15 in a graded manner.
A non-strategic investor like Poonawalla brings in not only capital but also creative freedom. Indian cinema needs more investors like him, reports Vanita Kohli Khandekar.
Operating margins for multiplex owners, mainly in Maharashtra, would be hit once the tax benefits they currently enjoy would be taken back.
After Sita Raman, this is a Dulquer Salmaan film that has won Divya Nair's heart.
Anil Ambani-led Reliance Group sells multiplex business to Carnival Cinemas.
The Indian Premier League's overwhelming response in terms of ratings has seen a lot of cine-goers in Kolkata stay away from movie theatres and opt for the three-hour Kolkata Knight Riders cricket matches at home or in the stadium.
Six major chains are still struggling with the basics of the business: scaling up and improving revenue share.
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