While in-cinema advertising is yet to reach pre-pandemic levels, multiplex operators are making the next big leap to lure brands. Will it revive the market?
Q1 marks a full quarter of operations post pandemic for cinemas. This will reflect in financials of these firms, with likely revenue growth at 65-70% for PVR and Inox sequentially
Why is Prem Watsa so bullish on India? Why are the big boys of India Inc acquiring drone start-ups? Why are analysts dumping diagnostics stocks for multiplexes? What is stagflation? All answers here
PVR, Inox and Cinepolis adding 125, 77 and 60 screens, respectively, in FY23
Record label and Bollywood major T-Series, along with tycoon Anil Ambani's Reliance Entertainment Ltd. have agreed to jointly develop more than 10 features over the next 36 months
Multiplexes and theatres in Chennai and other parts of Tamil Nadu, as well, will start receiving film lovers from August 27, nearly four months after cinema halls were closed
According to industry experts, the absence of any new major release from Indian production houses is the biggest challenge multiplex operators face
Amid declining COVID-19 cases in the national capital, cinema halls across the city resumed business as they prepare to open with 50 per cent seating capacity.Halls were carefully sanitised and UV lights were installed in several theatres."Expecting to open by Friday. Producers are waiting to release their movies here because 'big screen is big screen'," said Delite Cinema Manager while speaking to ANI.Proprietor of Liberty cinema and President of Cinema Owners' Association of Delhi, said "The government has allowed cinemas to open with 50 per cent occupancy. We welcome this decision of the government. Cinemas are fully prepared to reopen. Everything is in place. The primary focus should be on proper sanitisation which is being taken care of."According to the manager at the Delite Cinema Hall, snacks will not be allowed in the halls and only seal-packed eatables will be available for sale.The Delhi government on Saturday issued orders allowing cinemas/theatres/multiplexes to reopen ...
The pandemic and OTT have changed the cinema ecosystem. Now, as states start allowing movie halls to reopen, the road to recovery is in sight. But it is likely to be long and hard
Cinema, retail, and shopping industries won't be able to bear another lockdown, industry associations said on Thursday
Adequate physical distancing, mandatory face masks and sanitisation of auditorium after every screening are among the latest SOPs issued by the Ministry of Information and Broadcasting on Sunday
India's film industry, which relied on theatrical releases, is experimenting with going straight to streaming services such as Amazon, Netflix and Disney's Hotstar.
Conversations with multiplex operators reveal that producers remain wary of releasing their films this month.
The state accounts for a fifth of the screens for PVR and Inox Leisure
Filmmakers are not expected to be in a hurry to release movies in the October-November period, implying the quarter will hardly come to the rescue of theatre owners
Business to Business (B2B) Exhibitions will be permitted and SOP will be issued by the Department of Commerce
While lower costs are positive, cash burn may remain high even after resumption
Theater operators PVR Ltd. and Inox Leisure Ltd. have rebounded about 50% since May, after at least three consecutive months of losses
The government's decision not to open multiplexes in Unlock 3.0 will impact millions of livelihoods dependent on the sector, industry body MAI said
"We are extremely disappointed with the Unlock 3.0 announcement to keep cinemas under continued lockdown," MAI Member Alok Tandon said