PVR Cinemas, India's leading chain of multiplexes, is set to enter Chennai with a 1800 seating capacity facility at the upcoming fully-integrated shopping-cum-entertainment mall, 'Ampa Centre One' in the heart of the city.
Marico has entered into a definitive agreement with PVR INOX to buy its 93.27 per cent stake in Zea Maize Private Limited (ZMPL), which owns the gourmet popcorn brand 4700BC, in an all-cash transaction worth Rs 226.8 crore.
'Last year, we had about 10 to 12 per cent of Hollywood films as a box-office contribution. This year already, it has jumped up to 24 per cent because the lineup is very strong.'
The industry is anticipating 2025 to deliver around Rs 13,500 crore in overall box-office collections, which would cement it as India's strongest box-office year after 2023
'Audiences are loyal to good content.'
'Gujarati films are crossing the Rs 100 crore mark, Lokah Chapter 1: Chandra has surged past Rs 300 crore, Marathi film Dashaavtar has already topped Rs 50 crore and Tamil blockbuster Coolie has raked in over Rs 250 crore.' 'These successes show that regional cinema is no longer niche.'
'It's heartening to see that the festive energy is being driven not only by star-led blockbusters but also by fresh, content-rich films.'
Following an agreement with the International Cricket Council (ICC) in this regard, INOX Leisure had last week said, it will showcase all group matches to be played by Team India, followed by the semi-finals and the final match.
A fire broke out at a PVR Cinemas in Select Citywalk Mall in New Delhi on Wednesday evening due to a short circuit during a movie screening. Panic ensued as a corner of the movie screen caught fire during the 4:15 pm screening of the film 'Chhava'. Fire alarms sounded, leading to a swift evacuation of the cinema hall. Fire services responded quickly and contained the blaze within 13 minutes. No injuries were reported, and the fire was attributed to a minor short circuit with no significant damage. The incident caused a brief moment of panic, but the situation was quickly brought under control.
>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.
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.
PVR Cinemas has decided to terminate its agreement to acquire real estate developer DLF's exhibition hall business, DT Cinemas. PVR informed the stock exchanges today that, 'the conditions precedent for the acquisition have still not been satisfied'.The two companies had sought an extension till February 15 to conclude the deal.
'We're witnessing a consistent surge in audience demand for IMAX screenings, particularly for high-octane, spectacle-driven films.'
It's 'not looking like a Diwali lineup, which is usually grand and has superstar movies.'
'Ahaan Panday and Aneet Padda have captured the relevance to and imagination of Gen Z and millennial viewers.'
The transaction is expected to close in the next 30 days and the merger process is expected to be completed in next 9-12 months
Taking to Twitter, Chief Minister Arvind Kejrjiwal said that cinema halls will be allowed to reopen from October 15 and they will have to follow all guidelines issued by the central government.
Over-the-top platforms make it difficult for movies to run for long periods on the silver screen, thus hurting the cinema industry.
PVR Cinemas, the Rs 180 crore (Rs 1.8 billion) multiplex chain, is foraying into eastern India this financial year. It is looking at setting up 50-60 screens in 7-8 locations in eastern India within the next 5 years.
'We would love to have more players entering the market because that is how the business will grow.'
'Republic Day week has consistently been a lucrative period for the film industry.'
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.
PVR INOX plans to shut down 70 non-performing screens.
January 22, 2024 has passed into history. Scenes from a day of religious fervour in many parts of India.
PVR Cinemas, an exhibition-cum-distribution company, is recruiting.
Ushering in a new era of movie watching, the Union government allowed multiplexes, cinema halls and theatres to reopen from Thursday within the framework of a set of standard operating procedures.
'If the South starts shooting on IMAX more, it will be beneficial. And likewise, it will benefit Bollywood directors.'
On the occasion of the 25th anniversary special premiere of Sarfarosh, actor Aamir Khan treated fans with a big update on the sequel of the film.
'We believe these five days should get roughly about 5 to 5.5 million people or more into the cinemas.'
'After Diwali, I don't see this trend of re-releases going forward. We won't have that window to re-release films because of the kind of movies that are slated to be released.'
Leading theatre chain PVR Ltd announced a cash-and-stock deal to buy out realtor DLF group's national multiplex chain, DT Cinemas.
'One of the most significant factors contributing to the optimism for 2025 is the lineup of films featuring Bollywood's three superstar Khans.'
When the Pakistan innings ended, there were 1.1 crore viewers live on the app and this increased to 1.4 crore viewers during the innings break.
Analysts estimate that Pushpa 2 (in all languages) will become the fastest film to cross the Rs 1,000 crore (Rs 10 billion) mark.
Pushpa 2's advance bookings have set a new record, with advance bookings standing at Rs 50 crore on Day One.
'This is a blip in the 100-year history of cinema.'
are in the process of building one at the Jio Center in Bandra Kurla Complex where the Maker Maxity building used to be. "This theatre will be on the top of the mall and should be able to accommodate 300 cars, and is expected to open sometime in January or February next year.
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