Page 2 - Multiplex

The collapse of Indian cinema

More than two-third of Indian cinema's revenues were wiped out last year

50% seating capacity in cinema halls from April 7: Karnataka govt

Karnataka government has extended the implication of its order regarding 50 per cent seating capacity in cinema halls and it is to be applicable from April 7.

Big screen goes blank: Five movies delayed as Covid-19 lockdown curbs grow

Maharashtra has localised lockdowns and night curfew in place; and restrictions are increasing in states such as Punjab, Madhya Pradesh and Delhi as the daily caseload increases

Govt allows full occupancy in cinemas from Feb 1, issues new guidelines

The central government has allowed full occupancy in cinema halls and multiplexes starting from February 1.In this regard, the Ministry of Information and Broadcasting has issued a set of standard operating procedures (SOPs) for cinema halls and theatres to prevent the spread of the ongoing novel coronavirus.Indian film critic and trade analyst Taran Adarsh shared the news on his Instagram handle. He wrote "BIGGG NEWS... 100% seating capacity allowed in cinemas/theatres/multiplexes. SOPs issued by Ministry of Information & Broadcasting."The SOPs also stated that no films shall be screened in containment zones. To ensure the safety of viewers, cinema halls have taken some other measures too apart from the mandatory wearing of masks and temperature checks. Theatres will have separated seats, staggered show timings, and bookings, mandatory social distancing, and digital payments are being encouraged.In its last set of guidelines issued earlier this month, the government had allowed

Bollywood on the comeback trail as cinemas eye more footfalls

Increase in occupancy will pave way for Hindi blockbusters to release, say multiplex operators

OTT spurt may not affect cinemas in India, says Elara Capital report

Need to socialise cause for growth of movie halls, says Elara Capital

Tenet gets footfalls back into theatres, exhibitors hope for quick recovery

December 4-7 saw box collections at nearly Rs 5 crore, highest since reopening

Punjab govt allows opening of bars in hotels, shopping malls, multiplexes

He said the management of such commercial establishments must ensure meticulous compliance of the standard operating procedures issued by the Health Department from time to time

Occupancy trends key to sense theatre chain PVR's cash flows: Analysts

Company sharply reduces employee costs and rental charges, but has to offer heavy discounts on tickets and snacks

Multiplexes expect 25% rise in operating cost due to Covid-19 SOPs

Multiplex operators expect up to 25 per cent rise in their operating costs on account of the mandatory standard operating procedures as they reopen after being shut since the outbreak of coronavirus

Cost savings on other fronts to offset rise in operational expenses: PVR

PVR is working on a pricing matrix that includes a ticket price of as low as Rs 69 for old and rerun films

Multiplex operators ask Centre to reopen cinema halls as losses mount

West Bengal CM Mamata Banerjee has permitted cinema halls to function from October 1 in the state

Multiplex group appeals to govt to reopen cinemas, says jobs are at stake

Appealing to the govt to allow theatres to reopen, the Multiplex Association of India said the sector that provides employment to lakhs had lost an estimated Rs 9,000 crore in the last six months

West Bengal: Actor-MPs urge Centre to reconsider reopening cinema halls

Four actors of the Bengali film industry, three of them ruling TMC MPs, have urged the Centre to consider re-opening movie theatres with necessary COVID-19 protocols in place, underscoring that cinema hall owners and employees are under severe financial duress. Sources in the industry said the actor-MPs have made the plea as members of Tollywood, and not in their political capacities. Actor Dev, who has shouldered a string of blockbusters, tweeted on Sunday, "Requesting GOI to rethink about Opening of Cinema http://Halls.So many families are depending upon Cinema Hall." "Requesting @PrakashJavdekar ji with folded hands ji to rethink about the decision #SupportMovieTheaters #SaveCinemas," the Ghatal MP said. Basirhat MP and actor Nusrat Jahan also sought the intervention of I&B minister Prakash Javadekar for re-opening of cinema halls. "The highest tax-paying Entertainment Industry is on the verge of collapse. Its high time to open Cinema Halls with requisite SOPs in

Despite empty theatres due to Covid-19, multiplex stocks bounce back

Theater operators PVR Ltd. and Inox Leisure Ltd. have rebounded about 50% since May, after at least three consecutive months of losses

Multiplex Association urges govt to allow operation of cinema houses

Amid rising Covid-19 cases in the country under the government's Unlock 2.0 guidelines, cinema chains have not been given permission to operate

Multiplex chains on overdrive to add screens next financial year

Leading multiplex chain owner PVR Cinemas, which opened 83 screens during 2019-20, has now set a target of 120-130 screens for the next FY

India's oldest multiplex finally pauses for breath, closed for six months

Virtually every film buff in the city has an Anupam story, of standing for hours in line to buy a ticket for the latest Hollywood or Bollywood film

Listed multiplex players still a hit despite slowing economic growth

Strong footfall and good-quality content expected to offset growth pressure on advertising revenue

Unnerved by Reliance Jio offer, leading multiplex companies hit back

Say will not screen films that are released on OTT simultaneously