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.
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.
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.
'We would love to have more players entering the market because that is how the business will grow.'
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.
'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 success of Stree 2, which emerged as the highest-grossing Hindi film, was significant to PVR Inox's performance in the July-September quarter.
'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.'
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
'We're witnessing a consistent surge in audience demand for IMAX screenings, particularly for high-octane, spectacle-driven films.'
'Audiences are loyal to good content.'
PVR INOX plans to shut down 70 non-performing screens.
'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.'
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.
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.
'Republic Day week has consistently been a lucrative period for the film industry.'
'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.'
'We believe these five days should get roughly about 5 to 5.5 million people or more into the cinemas.'
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.
'Ahaan Panday and Aneet Padda have captured the relevance to and imagination of Gen Z and millennial viewers.'
Despite YRF securing a huge 4,500+ screens across the country, the quantum of footfalls fell short.
Over-the-top platforms make it difficult for movies to run for long periods on the silver screen, thus hurting the cinema industry.
It's 'not looking like a Diwali lineup, which is usually grand and has superstar movies.'
Disney Star creates new viewership record in high-voltage India Pak match
Analysts estimate that Pushpa 2 (in all languages) will become the fastest film to cross the Rs 1,000 crore (Rs 10 billion) mark.
Cinema owners elated with 'extraordinary' advance booking match screenings
'If the South starts shooting on IMAX more, it will be beneficial. And likewise, it will benefit Bollywood directors.'
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.
'If after 25 years, I don't experiment, it's going to be never.'
While re-releases are in vogue, PVR-INOX is coming up with an Aamir Khan Film Festival where 22 of his movies are being screened over the next few days.
'The combination of star power, compelling storytelling, and action-packed drama promises to set the box office ablaze and kickstart the new quarter on a spectacular high note.'
'Selling could further intensify and take the index towards 22,800-22,750 in the near-term.'
'One of the most significant factors contributing to the optimism for 2025 is the lineup of films featuring Bollywood's three superstar Khans.'
Pushpa 2's advance bookings have set a new record, with advance bookings standing at Rs 50 crore on Day One.
'Outside the house, he was this iconic deified figure.' 'Inside, he was a sorted-out, genial householder, always ready to lend a patient ear to our problems.'
Cheerleaders will applaud each six or boundary in their unique way. Bands will play in between overs.Only the venue is different. Instead of the cricket stadium, Indian Premier League enthusiasts can get all this for the price of an admission ticket to a movie hall. Multiplex chains like PVR, Inox Leisure, Cinemax, and Big Cinemas, among others, are negotiating the theatre rights to host at least one IPL match a day during the 45-day tournament starting April 10.
'What is Balaji without Ekta (Kapoor), what is Dharma without Karan (Johar?)'
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.
Retail investors now own a larger share of smallcap companies than they did a year ago, thanks to their conviction in mutual fund (MF) schemes focused on this segment. Data from Capitaline shows that MFs' average holding in the National Stock Exchange Nifty Smallcap 250 Index stood at 9 per cent at the end of the October-December quarter of 2023-24 (FY24), up from 7.76 per cent in the same quarter of 2022-23.
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