City-based cinema chain Cineline India Ltd will focus on expanding its core film exhibition business after becoming net debt-free following the monetisation of its hotel asset in a Rs 270-crore deal, according to a top company official. The company has entered into a deal with Sparsh Vidhyut to sell its hotel 'Hyatt Centric' in Goa for an enterprise value of Rs 270 crore, and it will use the proceeds to retire its entire debt, Cineline India CEO Ashish Kanakia said. The hotel asset was owned by Mumbai-based Cineline India's wholly-owned arm R&H Spaces Private Ltd. Kanakia said that the deal has resulted in debt reduction of Rs 120 crore pertaining to the hotel asset at the subsidiary level and the company also plans to utilise the sale proceeds to fully repay its outstanding debt of Rs 108 crore related to the film exhibition business, achieving a debt-free status. "This move will accelerate growth and help expand our market presence through the addition of new screens," Kanakia ..
The frequent calls to regulate and censor content on OTT, especially from quarters citing hurt to religious sentiments, also seem to have made creators wary of taking risks
Between 1976 and 1999, Ghai made 15 films, 11 of which were blockbusters, and one of which (Karz) attained cult status
The screening, attended by over 250 guests, including members of the Indian diaspora and a diverse international audience, highlighted India's growing prominence in Indian cinema
Telugu actor Allu Arjun, named as an accused in the case related to the tragic death of a woman during a stampede at the premiere of his latest film Pushpa 2, appeared before the police here on Sunday as part of his bail conditions. Arjun, listed as accused No 11 in the case, was granted regular bail by a city court on January 3. As per the court's directives, the actor is required to appear before the investigating officer every Sunday between 10 am and 1 pm for a period of two months or until the charge sheet is filed, whichever comes earlier. Additionally, the court instructed the Pushpa star not to change his residential address without prior intimation to the court and barred him from leaving the country without prior approval. These conditions will remain in force until the case is resolved. The incident took place on December 4, when a stampede-like situation erupted at Sandhya theatre in Hyderabad as fans gathered to catch a glimpse of the actor during the Pushpa 2 premiere.
In Payal Kapadia's All We Imagine As Light, the symbolic protest of two working-class women echoes a rich and radical tradition in Indian cinema
Veteran filmmaker Shyam Benegal, the pioneer of the parallel cinema movement in Indian cinema in the 1970s and 1980s, was cremated on Tuesday with full state honours and a three-gun salute here. Benegal, known for films such as "Ankur", "Mandi", "Nishant", and "Junoon", died on Monday at a hospital here due to chronic kidney disease. The last rites of the filmmaker, who celebrated his 90th birthday on December 14, were held around 3 pm at Dadar's Shivaji Park crematorium. Benegal's cinema contemporaries, colleagues and younger generations of actors and artists accompanied wife Nira and daughter Pia in paying their last respects to the icon, whose movies captured the many realities of India. Naseeruddin Shah, Rajit Kapoor, Kulbhushan Kharbanda, and Ila Arun, who starred in many of Benegal's films, were present to bid adieu to the director. Also present were actor Ratna Pathak Shah, her son Vivaan Shah, writer-poet Gulzar, director Hansal Mehta, lyricisit-writer Javed Akhtar, actor
Of all the movies and series released in India between January 1 and November 25, 2024, that have an average IMDb user rating of 5 or higher
One of the most heartening things to happen to the business of cinema is the rise of mid-range hits
Just after its launch in the IT city, PVR Inox managing director Ajay Bijli spoke on the company's screen additions, investment strategy, and growth plans
Nayanthara's 'Annapoorani' film has been removed from Netflix amid complaints for hurting 'Hindu religious sentiments'
Veteran actor Sharmila Tagore has revealed that she was battling with cancer when filmmaker Karan Johar approached her to play a key role in his movie "Rocky Aur Rani Kii Prem Kahaani". The cinema icon and her son, actor Saif Ali Khan, appeared in the latest episode of Johar's celebrity chat show "Koffee with Karan". In the episode, which dropped on Disney+ Hotstar on Thursday, Johar said he wanted Tagore to play the role of Alia Bhatt's grandmother in the movie, which was released in August. "I had offered Sharmila ji the part played by Shabana (Azmi) ji in 'Rocky Aur Rani Kii Prem Kahaani'. She was my very first choice. Due to health reasons at that time, she couldn't say yes. but it is a regret I have, the filmmaker said. Tagore, 79, said she didn't want to take a risk during the pandemic as she was not vaccinated. "This is at the height of Covid. They hadn't really grappled with Covid at that time. They didn't know about the vaccine, we were not vaccinated. You know, (it was)
Malayalam film "2018: Everyone is a Hero", India's official entry in the international feature film category at the 2024 Academy Awards, is out of the Oscars race. The Jude Anthany Joseph-directed film failed to make it to the shortlist of 15 films for the category, which was announced by the Academy of Motion Picture Arts and Sciences (AMPAS) on Friday. Jonathan Glazer's historical drama "The Zone of Interest" (UK), Denmark's "The Promised Land", starring Mads Mikkelsen, and "Perfect Days" from Japan are being billed as the frontrunners of the category. The shortlist also includes Amerikatsi (Armenia), The Monk and the Gun (Bhutan), Fallen Leaves (Finland), The Taste of Things (France), The Teachers' Lounge (Germany), Godland (Iceland), Io Capitano (Italy), Totem (Mexico), The Mother of All Lies (Morocco), Society of the Snow (Spain), Four Daughters (Tunisia) and 20 Days in Mariupol (Ukraine). Films from 88 countries were eligible in the category. The shortlisted movies will advan
Jawan's box office performance shows that more Indians and non-Indians are now watching our films on more screens than ever before
From king of romance to muscular hero, experts welcome actor's star turn that Pathaan usher in earlier this year
Protests have erupted over reference to Sita as India's daughter, and dialogues, graphics that are seen as banal, shoddy
Vaibhavi was travelling with her fiance in Himachal Pradesh when their car lost control at a sharp bend, reports said
Nitesh's demise has left the entertainment industry in mourning, and celebrities are now paying their heartfelt tributes to the late actor
'Our primary source of income is film - whether we get it through theatrical, catalogue licensing, music income - it is all film'