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.
With Taare Zameen Par hitting pay dirt and repeating the success of brand PVR, Ajay Bijli seems to be on a roll.
PVR has bought 69.27 per cent of the promoter's stake held by the Kanakias in Cinemax for Rs 395 crore.
'Multiplexes will thrive by Q4 if 100% capacity is restored and a third Covid wave doesn't happen.'
'Bottomline, hairline and waistline -- you have to watch them always.'
Rediff.com Contributing Photographer Pradeep Bandekar met these stars over the weekend.
'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.
'We would love to have more players entering the market because that is how the business will grow.'
'What an incredible opportunity to bring back one of the greatest actors of Indian cinema on the big screen.'
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'This is not like a one quarter hit; it will take time.'
PVR Cinemas announced on Tuesday its foray into tier II and tier III cities of the country with 'PVR Talkies' and said it would be investing Rs 200 crore (Rs 2 billion) over the next three years towards its expansion. \n
'This is a blip in the 100-year history of cinema.'
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
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.
Theatres are finding innovative new ways to increase footfalls, discovers Vanita Kohli-Khandekar.
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