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.
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
'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.'
'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.'
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.
'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.'
>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.
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.
'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.'
Despite YRF securing a huge 4,500+ screens across the country, the quantum of footfalls fell short.
'Ahaan Panday and Aneet Padda have captured the relevance to and imagination of Gen Z and millennial viewers.'
Over-the-top platforms make it difficult for movies to run for long periods on the silver screen, thus hurting the cinema industry.
The health minister said he is personally monitoring the health of Lakra.
'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.
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.
'Republic Day week has consistently been a lucrative period for the film industry.'
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.
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.
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.
Film folk attended the screening of Richa Chadha and Ali Fazal's festival film Girls Will Be Girls at PVR theatre in Juhu, a northwest suburb of Mumbai. You can watch this film on Amazon Prime Video.
'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.'
Analysts estimate that Pushpa 2 (in all languages) will become the fastest film to cross the Rs 1,000 crore (Rs 10 billion) mark.
A police officer said the email was sent by two siblings enrolled in the school because they wanted the exams to be postponed.
'Selling could further intensify and take the index towards 22,800-22,750 in the near-term.'
'We believe these five days should get roughly about 5 to 5.5 million people or more into the cinemas.'
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.
'One of the most significant factors contributing to the optimism for 2025 is the lineup of films featuring Bollywood's three superstar Khans.'
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
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.
Leading theatre chain PVR Ltd announced a cash-and-stock deal to buy out realtor DLF group's national multiplex chain, DT Cinemas.
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.
Pushpa 2's advance bookings have set a new record, with advance bookings standing at Rs 50 crore on Day One.
'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.'
'If after 25 years, I don't experiment, it's going to be never.'
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