Page 5 - Cinemas

Cinema industry welcomes cutting GST rates on food served in movie theatres

Multiplex operators on Tuesday welcomed the GST Council's decision to lower the tax rates on the food and beverages sold in cinema halls, saying it will help in the revival of the theatre business post-Covid and avoid litigations. The Goods and Services Tax (GST) Council, headed by the Union finance minister and comprising of representatives of all states and UTs, on Tuesday decided to lower the service tax levied on food and beverages consumed in cinema halls to 5 per cent from 18 per cent. F&B (food & beverages) are an important source of earnings for the cinema exhibition industry, specially for the multiplexes that earn up to 35 per cent of their revenues from this segment. PVR INOX Ltd CFO Nitin Sood said: "The entire cinema industry welcomes the clarification issued by the GST Council today that food and beverages sold at the cinemas will get covered under the definition of 'restaurant service' and would be liable to GST @5 per cent (without availment of input tax ...

Achani Ravi, producer of classic Malayalam movies, dies at 90: Report

Veteran award-winning Malayalam movie producer and industrialist K Ravindranathan Nair, who produced several classic and art house movies, died following age-related ailments, family sources said. He was 90. Popularly known as Achani Ravi in movie circles, Nair was the producer of iconic films directed by legendary filmmakers including Adoor Gopalakrishnan, G Aravindan, P Bhaskaran, A Vincent and so on. An advocate of the New Wave movement in Malayalam films, he was also a recipient of the national and state awards multiple times. After taking over the family cashew business following the death of his father, Ravi, a hardcore movie fan, established a production banner under the name "General Pictures" in 1967, which played a significant role in the Malayalam cinema in the later decades. Sathyan-starrer "Anweshichu Kandethiyilla" was the first film came out under his illustrious movie banner. During 1970s and 80s, Ravi laid a mark in the industry by producing a series of critical

From sequels to horror films, global movie business back in motion

The global film business is looking good, albeit a bit bruised after its encounter with the pandemic

Adipurush advance booking: Prabhas-starrer sells over 470,000 tickets

According to trade analyst Taran Adarsh, the advance booking for the film has started and the numbers are "phenomenal"

PVR INOX announces opening of new 7-screen multiplex in Bengaluru

PVR INOX, the premium cinema exhibitor in India, on Monday announced the opening of its new 7-screen multiplex at Global Mall, Mysore Road in Bengaluru. The opening marks the sixth multisensory 4DX auditorium in Bengaluru and will augment PVR INOX presence in the city with 24 properties and 146 screens, PVR INOX said in a statement. With the opening, PVR INOX strengthens its presence in Karnataka with 189 screens in 34 properties and consolidates its foothold in South India with 530 screens in 95 properties, it added. The cinema hall is housed in Global Mall located next to Nayandahalli Metro Station and has a seating capacity of 1,189 with last row recliners. The multiplex is equipped with the best-in-class theatrical solutions including the SP4K next-generation laser projectors that deliver ultra-high resolution, sharp and bright images. Furthermore, the audios feature advanced Dolby Atmos audio and Next-Gen 3D technology for an immersive experience, it added.

Film studies for your first show

Overall, however, this is one of those few texts which - despite the occasional knots of jargon-heavy writing and the text's volume - can be picked up for a bedside read or a casual metro ride

PVR-INOX plans to shut down around 50 cinema screens over next 6 months

Leading cinema exhibitor PVR INOX plans to close around 50 loss-making screens, having an accelerated depreciation. "The company plans to shut down approximately 50 cinema screens over the next 6 months," said PVR INOX in its investor's update for the fourth quarter and financial year ending of March 31, 2023. These properties are loss-making, or housed in malls which have reached the end of their life cycle with little hope of any revival. "The company has taken an accelerated charge of the depreciation in its books and written off the WDV of assets," it said. PVR-INOX Ltd has been created after the merger of two leading cinema brands PVR Ltd and INOX Leisure. The merger was effective from February 6, 2023. The merged entity is operating 361 cinemas with 1,689 screens across 115 cities by the end of FY23 in India and Sri Lanka. Karan Taurani SVP of Elara Capital said: "There will be Rs 100 million of EBITDA impact (savings) by closing down of 50 screens. Most of these screens a

7% Bengali films are hits post-covid, success rate satisfactory: Official

With the improvement in covid situation, 100 Bengali films were released in theatres since January 2022 and seven of them were hits, showing a satisfactory success rate, an industry official said. Besides these seven, four-five others did decent business, said an official of the Eastern India Motion Picture Association (EIMPA), an association of various stakeholders of the Bengali film industry. "The success rate of six-seven per cent for a cinema hall release is satisfactory considering the limited market for Bengali films. We have to compete mainly with Hindi films and that has a bigger distribution chain," the EIMPA official told PTI. Five films with varied contents became hits Aparajito' (Undefeated), Karnasubarner Guptodhan' (Treasure of Karnasubarna), Ballabhpurer Roopkotha' (Fairytale of Ballabhpur), Kishmish' (Raisin) and Dostojee' (Two friends) in 2022. Two others - Projapati' (Search for a Friend) and The Eken Ruddhaswas Rajasthan (The Eken Suspense in Rajasthan) were .

Cinematograph Amendment Bill 2021 approved; strict penality on film piracy

These were introduction of age-based categories for film certification and penal provisions imposed for film piracy

Bollywood director Pradeep Sarkar, who made 'Parineeta', dies at 67

According to his friends and associates, he was rushed to a hospital last night for kidney and related ailments, but failed to survive and breathed his last early this morning

India has fewer movie screens per million people than peer economies

Sharp rise in global cinema revenues expected by 2026

Golden Globe 2023: Mike White's 'The White Lotus' wins Best Limited Series

'The White Lotus' follows the guests and employees of the fictional White Lotus resort chain whose stay is affected by their various psychosocial dysfunctions

Golden Globes 2023: 'The Banshees of Inisherin' wins Best Screenplay

The film was competing in the category against 'Tar', 'Everything Everywhere All at Once', 'Women Talking' and 'The Fabelmans'

Ke Quan wins Best Supporting Actor for 'Everything Everywhere All At Once'

This is Quan's first acting nomination and win at the Globes, and he is the second actor of Asian descent to win the Globe for supporting actor

2023: Box office set to cash in on Khans, southern giants, Hollywood

The number of big-screen releases across languages could touch 1,500-1,600

Nadav Lapid: Israel's 'philosophical' filmmaker who has stirred up a storm

Reacting to the backlash for his remarks about The Kashmir Files, Lapid says making bad films is not a crime, but the film is 'crude, manipulative and violent'

Bollywood, Hollywood blockbusters expected to lure Indians back to cinemas

The buoyant outlooks come after an extended downturn for the industry, which has struggled to revive itself after the Covid curbs in India

PVR sees superplexes as next blockbuster concept in cinema business

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

The filmy chronicler

The book celebrates Abbas by showing how this "boy from Panipat, land of Sufis, land of battles" introduced the small-town sensibilities to Indian cinema.

PVR back in red, posts Rs 71-crore loss in Q2 amid Bollywood flop show

The September quarter had no major blockbuster apart from Brahmastra