Your seats at the theatre will move in sync with the actors' gravity-defying stunts on screen
Shares of LCOs including Hathway cables and Datacom, Den Networks and GTPL Hathway zoomed in the range of 5 to 20% during the morning deals on the BSE while those of PVR & INOX Leisure slipped up 10%
When multiplexes came in with a cleaner, better experience, it forced single screens to either refurbish or to become part of a chain
From popcorn at PVR to coffee at Starbucks, a larger debate on overpriced indulgences has ensued under #RahulBoseMoment
Reported topline jumped 26 per cent, but net profit down 69 per cent due to change in accounting norms and weak show by key segments
PVR Home membership costs Rs 150,000, which gives access to club amenities, including glorified living room space and terrace bar, and discounts on tickets for Director's Cut and exhaustive F&B menu
Company claims to have crossed 750-screen milestone, served almost 100 million patrons in FY19
On March 19, Screwvala had moved the CCI against multiplexes for charging VPF, which, he said, was a significant contributor to revenue and profitability of multiplex chains
Screwvala, an entrepreneur, has said there is "nothing slanderous or malicious," in his complaint to the Competition Commission of India (CCI) about multiplex operators
PVR added 123 screens across 27 properties during the current financial year
The stock was up 2% at Rs 1,643, trading near its all-time high of Rs 1,660 recorded on April 28, 2017, in the intra-day trade.
The multiplex operator said voting through e-voting will be held between December 31 to January 29, 2019, and the results will be announced on January 30, 2019
According to PVR's CFO Nitin Sood, PVR is targeting the markets which are just opening up, like Saudi Arabia
On the financials front, operating profit margins of SPI Cinemas are expected to be in the 21-23 per cent range in FY19, which is much higher than PVR's 18 per cent
The shares were offloaded at an average price of Rs 1,332.15, valuing the transaction at Rs 755.3 million
The company had posted a net profit of Rs 29.13 crore during the same period previous fiscal
Multiplex chain PVR on Friday launched 10screens in Pune taking its footprint in the city to 35 screens. It launched thescreens across two new properties - the sub-brand PVR ICON and PVR Cinemas. Theselaunches see PVR reach a screen count of 160 screens across 38 properties inMaharashtra. PVR ICON is the most opulent format by themultiple chain equipped with 4K projection system and next-generation 3Denabled screens with ultra HD picture quality and Dolby ATMOS surround-soundsystem in its auditoriums. It also focuses on delivering a rich cinemaexperience through its ambience, which includes sprawling lobby spaces,chandeliers, classic wall art, new leather recliners and extra leg room. Sanjeev Kumar Bijli, Joint ManagingDirector, PVR, said, "Our commitment towards the Pune market can be seenthrough our continuous endeavor to bring new and unique formats to the city.With the increasing demand of premium cinema experience in Western India, weare sincerely working towards expanding our .
Its five-screen deal with IMAX amounts to an investment of Rs 55 cr
The company also expects to maintain double-digit growth in its media sales, which now stands at 12% of turnover
PVR became the first multiplex chain in India to deliver 100 crores of gross box office collection