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.
A Bengaluru consumer court has ruled against PVR INOX for delaying film screenings with excessive advertisements, deeming it an "unfair" trade practice. The court ordered the multiplex chain to pay Rs one lakh in punitive damages and ensure clear communication of actual movie start times to viewers. The ruling highlights the value of time in today's world and the need for businesses to respect consumers' time and money.
Leading theatre chain PVR Ltd announced a cash-and-stock deal to buy out realtor DLF group's national multiplex chain, DT Cinemas.
>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.
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
Multiplex chains are rushing to smaller towns
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.
'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.'
A police officer said the email was sent by two siblings enrolled in the school because they wanted the exams to be postponed.
Jolly LLB 3 is all set to go past the Rs 100 crore mark, what with Rs 53 crore already being scored in the first three days itself.
'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.'
'We would love to have more players entering the market because that is how the business will grow.'
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.
PVR-Inox is in an inherently fickle business. If there is a string of flops, the box office collections will be weak. Conversely, Q2FY24, which witnessed several hits, has brought about an upside in revenues. However, the merger has led to market share gains and synergies that helped bring breakeven down to approximately 20 per cent occupancy.
Despite YRF securing a huge 4,500+ screens across the country, the quantum of footfalls fell short.
'Republic Day week has consistently been a lucrative period for the film industry.'
Mutliplexes want the gap between a film's release in theatres and on OTT to be doubled from 4 to 8 weeks.
Over-the-top platforms make it difficult for movies to run for long periods on the silver screen, thus hurting the cinema industry.
Revenue from convenience fees has grown at a compound annual rate of 85 per cent for multiplex chain operator Inox Leisure and 58 per cent for PVR.
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.
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.
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
A low-intensity blast occurred near a multiplex in Delhi's Rohini on Thursday, injuring one person and sparking panic. The explosion took place near a park in the same area where a previous blast occurred in October. Delhi Chief Minister Atishi accused the BJP-led central government of failing to maintain law and order in the national capital.
Multiplex operator, PVR Limited, on Thursday said that there might be a spurt in ticket prices by 8-10 per cent this year.
Multiplex chain operator PVR is planning to invest up to Rs 400 crore over the next three years to set up 250 screens across the country. The expansion would be funded through a mixture of debt, equity and internal accruals.
'Multiplexes will thrive by Q4 if 100% capacity is restored and a third Covid wave doesn't happen.'
PVR has bought 69.27 per cent of the promoter's stake held by the Kanakias in Cinemax for Rs 395 crore.
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.
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.
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.
A road in Delhi was on Tuesday named after slain Bharatiya Janata Party leader Pramod Mahajan on his 59th birth anniversary.
In a competitive market, pricing is the management's business. The consumer has so many choices -- single screens, multiplexes, TV, online streaming or DVDs. Nothing forces him to go to a multiplex. Nor are films an essential commodity where prices have to be regulated, says Vanita Kohli Khandekar.
'One of the most significant factors contributing to the optimism for 2025 is the lineup of films featuring Bollywood's three superstar Khans.'
Open offer to buy 26 per cent additional stake from public on cards.
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 believe these five days should get roughly about 5 to 5.5 million people or more into the cinemas.'
Analysts estimate that Pushpa 2 (in all languages) will become the fastest film to cross the Rs 1,000 crore (Rs 10 billion) mark.
As is always the case with big films, there is no decision on the count of screens allotted to the big releases, Singham Again and Bhool Bhulaiyaa 3.
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