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Samsung India to install 20 'Onyx' LED cinema screens by 2019

Press Trust of India  |  Mumbai 

is planning to install around 20 LED cinema screens named 'Onyx' in the country by the end of next year, a company executive said Wednesday.

The firm had launched its first such screen in August at in New Delhi, and unveiled its second screen here Wednesday, in partnership with

It is looking to open two more such screens in the country by the end of 2018, according to vice-president enterprise Puneet Sethi.

"We have 26 'Onyx' screens globally. The investment per screen for the exhibitor is around USD 500,000-700,000 for the entire solution," Sethi told

He said the company will have around 20 such screens in the country by the end of 2019.

had unveiled the new last year, which marked a shift from to LED screens in the country.

Sethi said that the company has huge expectations from India, while admitting that it's under penetrated in terms of number of screens.

The firm so far has tied up with two leading multiplex chains and - but he said it is looking to rope in other other multiplex players as well.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, December 05 2018. 20:20 IST
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