Multiplex

Theatre owners have to let parents to bring food for infants and provide free drinking water to visitors

A regular multiplex typically has 4-5 screens per property. Larger ones may go up to 7-8 screens at a single location

A slate of flop Bollywood movies have hit India's top cinemas hard, leaving the industry to bank heavily on the current festive quarter to revive its fortunes

The pandemic had wiped out 90 per cent of the top line of all theatre chains

Multiplex operator Inox Leisure is confident of pursuing an expansion strategy and has a pipeline of 834 additional screens after FY23, according to the latest annual report of the company. The company, which was operating 692 screens in 73 cities across India as on June 30, 2022, estimates the total screen count to go up to 752 by the end of ongoing fiscal year. "We are confident about pursuing our expansion strategy and with diligent efforts, we continuously work to expand the number of screens around the nation and strengthen our balance sheet," said Inox Leisure. Even in FY22, when the exhibition industry was impacted due to COVID-induced restrictions, "the company witnessed the highest screen addition, accounting to 32 in the industry (8 multiplex cinema theatres)." "We are prepared to welcome the movie-viewing audience back to our theatres and provide great services since we have a strong pipeline of future films," it said. As of June 30, 2022, Inox has 163 properties with

As theatres reopen, big-budget production houses face challenges with the financial cushion offered by pre-selling to OTTs set to diminish

Q1 marks a full quarter of operations post pandemic for cinemas. This will reflect in financials of these firms, with likely revenue growth at 65-70% for PVR and Inox sequentially

PVR and Inox have seen strong bounceback led by compelling movie content, rise in average ticket prices, and food and beverage (F&B) revenue per head surpassing pre-pandemic levels

Movie theatre company PVR on Friday signed an agreement with real estate firm M3M India to set-up an 8-screen multiplex at 65th Avenue

'Had the last week of December not been impacted by Omicron and the ensuing restrictions we would have closed with even better numbers for December,' says CMD Ajay Bijli

While January could be a washout, footfalls are expected to recover once the virus impact wanes

However, once the restrictions are lifted, the pace of recovery is expected to be sharp, says Crisil Ratings

The country's largest film exhibitor PVR Cinemas on Tuesday announced its foray into the customised cleaning and disinfecting services business under its newly-launched vertical V-Pristine.

Superstar Salman Khan, who is awaiting the theatrical release of his film "Antim: The Final Truth", on Monday said nothing can replace the joy of watching a movie on the big screen. Directed by Mahesh Manjrekar, "Antim" is reportedly a remake of the 2018 hit Marathi crime drama "Mulshi Pattern". The action drama is billed as a "gripping tale of two powerful men" with polar opposite ideologies; one a cop and the other a gangster, played by Khan and Aayush Sharma, respectively. When asked about the change in the viewing pattern of the audience amidst the coronavirus lockdown, Khan said people have slowly started coming back to theatres. "To watch movies on laptop, iPad or on a small phone, there is not much joy... as compared to watching it with everyone on the big screen in a theatre. If you think small phones are an alternative to cinema halls, then it is not true," the 55-year-old star told reporters at the trailer launch of "Antim". While many states in the country allowed cinem

Leading multiplex chain operator PVR Ltd on Friday reported narrowing of its consolidated net loss to Rs 153.13 crore for the second quarter ended September 30, 2021. The company had posted a net loss of Rs 184.06 crore in the July-September quarter a year ago, said PVR in a BSE filing. Its revenue from operations was up nearly threefold to Rs 120.32 crore during the quarter under review. It was Rs 40.45 crore in the corresponding quarter last fiscal when the screening business was completely closed last fiscal. PVR's total income was also up over twofold to Rs 275.21 crore as against Rs 110.61 crore of the corresponding quarter. Its total expenses were at Rs 460.68 crore, up 18.31 per cent in Q2/FY 2021-22 as against Rs 389.37 crore. "The Q2 results continued to be impacted on account of COVID-19," said PVR adding that "we continued our strategy on keeping the monthly cash burn rate low through various cost-saving initiatives and keeping adequate liquidity on our balance ...

Multiplex chain operator Inox Leisure on Friday reported widening of consolidated net loss at Rs 87.66 crore for September quarter 2021-22

Cinema owners want to return to 8-week gap between theatrical and OTT release

More state governments could join Maharashtra in easing restrictions ahead of the festive season

The state government will soon issue the standard operating procedure (SOPs) in this regard

The pandemic and OTT have changed the cinema ecosystem. Now, as states start allowing movie halls to reopen, the road to recovery is in sight. But it is likely to be long and hard