Inox, PVR post highest growth in the category in nine quarters
If people can be permitted to carry home food inside aircraft then why not to theatres, HC bench asked Maharashtra government
Allowing outside food or regulating food prices in multiplexes meddles with a competitive market and makes movie-going unsafe
Multiplexes have been trying to grow their F&B offerings by experimenting with cuisines and products
The plea claimed there was no legal or statutory provision prohibiting one from carrying personal food articles or water inside movie theatres
Over the last three years, the Indian multiplex industry has grown at approximately 13 percent CAGR in terms of operating screens and 14 percent CAGR in terms of revenue. The silver lining though is the healthy growth of food and beverages (F&B) and advertisement segments which have grown at a faster pace of 21 percent CAGR.According to Vice President and Sector Head, Mr Shubham Jain, "The non-exhibition segments - F&B and advertisement - have given a strong push to the overall revenues of a multiplex, a trend which is expected to continue in the near term, given the enormous potential of these segments. Through the use of differential offerings with the help of the latest technologies and diversified food options, the multiplex players are striving to improve their average realisations per footfall."With the recent implementation of the Goods and Services Tax (GST) in the multiplex industry, the state level entertainment tax has been subsumed with a more standard taxation ...