'The opening up of theatres is well-timed to coincide with the festival season and give a big push. We expect box office collections to reach 2019 levels when they stood at Rs 10,000 crore.' Surajeet Das Gupta reports.
Multiplex operators like PVR Ltd, Inox Leisure, Reliance Mediaworks and Mexican chain Cinepolis are scrambling to set up theatres
Pushpa 2's advance bookings have set a new record, with advance bookings standing at Rs 50 crore on Day One.
Disney Star creates new viewership record in high-voltage India Pak match
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.
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The Supreme Court turned down pleas by Rajasthan and Madhya Pradesh governments and refused to modify an earlier order that cleared the decks for the nationwide release of the Sanjay Leela Bhansali flick on January 25.
'We will see footfall returning to pre-COVID levels by January.'
Reader Ankit Patel has sent us a photograph.
'If the South starts shooting on IMAX more, it will be beneficial. And likewise, it will benefit Bollywood directors.'
'Bottomline, hairline and waistline -- you have to watch them always.'
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.
The premium mall, Jio World Drive (JWD), is spread across an area of 17.5 acre and it will be Mumbai's first rooftop Jio drive-in Theatre which will be operated by PVR. JWD will house only premium international and Indian brands.
'While Rocky Aur Rani is a good film, there is nothing compelling in the content for which viewers would be ready to pay a premium.'
The key risks against a fast recovery would include long delays in business travel resumption, delays in commissioning, etc.
'In terms of ticket sales, Hindi is at 50-60 per cent while the South markets are at 80-90 per cent of pre-pandemic levels.' The patchy performance of Hindi, the largest segment of the business is the nub of what is bothering Indian cinema.
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.
Movie theatres may reopen around the second week of July.
It was a quiet reopening with few people venturing warily to watch a mix of regional, English and Hindi reruns such as "Chhichhore", "Thappad", "Tanhaji" and "The Spy".
'The number of films released in cinemas in 2022 was closer to 1,200. It could cross 1,500 in 2023, since nearly all big stars in Hindi and regional languages have films lined up this year.'
'In our business, every time a seat goes empty, it is a perishable good.' 'We have lost the opportunity of earning revenue out of it.' 'It's impossible to recover what we have lost.'
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.
'This is a blip in the 100-year history of cinema.'
Theatres are finding innovative new ways to increase footfalls, discovers Vanita Kohli-Khandekar.
'This is not like a one quarter hit; it will take time.'
Audience turnout is crucial to most exhibitors, since their discussions with film producers hinge on how many people will return to movie halls in the weeks ahead.
Investors are pushing back more often against companies' resolutions on what is paid out to top executives. In the first four months of financial year 2022-23 (FY23), there have already been five such rejections, according to shareholder voting data from tracker Adrian, a platform maintained by the proxy advisory firm Institutional Investor Advisory Services India (IiAS). Two of these have been at multiplex chain PVR and direct-to-home company Dish TV India.
Buoyed by Sooryavanshi's success, the Hindi film industry is banking on 25-30 big movies lined up with a collective cost tag of Rs 2,000 crore.
With the spate of businesses turning their attention to Ayodhya, land rates have shot up, in some pockets by as much as 10 times. Whether one walks into a hotel lobby or sits down for a meal, land deals are being discussed at every other table -- one on one or among groups.
PVR Cinemas, an exhibition-cum-distribution company, is recruiting.
'Banning Bollywood films will mean a paucity of content to keep the multiplexes and theatres running profitably.'
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The fight is between Vidhu Vinod Chopra, the producer of 3 Idiots, and multiplexes.
'The weekend advance booking are extremely encouraging for these movies, and the extended break due to Mahashivratri, will provide a significant impetus.'
Seven of Bollywood's big stars (Akshay Kumar, Ranveer Singh, Ajay Devgn, Varun Dhawan, Saif Ali Khan, John Abraham and Shahid Kapoor), who had 10 movies released with a collective budget of Rs 1,100 crore since December, could rustle up only around a third of that money at the box office.
'While OTTs are a reality, big film producers will prefer a theatrical release before a digital one.'