Page 3 - Indian Multiplexes

Less than 50% occupancy not viable, won't open: Theatre owners to govt

The government is preparing new guidelines for further relaxation of restrictions from August 1

This is not like a one-quarter hit; it will take time: PVR chief Ajay Bijli

At a cinema level, we haven't laid off people but senior employees have taken a 50 per cent salary cut while others have taken a cut anywhere between 10 and 25 per cent, the chairman said

Multiplexes' revenue may be hit by up to 25% amid coronavirus spread

According to sources, the box office collections of Angr­ezi Medium dropped by 25% on Saturday.

Rewriting the script: Tech, wider footprint boost multiplexes' growth story

The box office collections in financial year 2018-19 grew by 14.7 per cent to stand at Rs 12,940 crore domestically, while the collections from the overseas markets rose by 16.1 per cent

Multiplex chains on overdrive to add screens next financial year

Leading multiplex chain owner PVR Cinemas, which opened 83 screens during 2019-20, has now set a target of 120-130 screens for the next FY

PVR remains an outlier amid slowing consumption with strong Q2 results

Highest-ever footfalls with good content leads to 35-37 per cent growth in topline and net profit

Unnerved by Reliance Jio offer, leading multiplex companies hit back

Say will not screen films that are released on OTT simultaneously

How multiplexes dabble with alternative content to counter rising taxes

Multiplex market leaders PVR Ltd and Inox Leisure Ltd have both been experimenting with a whole range of alternative content over the past few years

Multiplexes turn to technology for giving viewers differentiated experience

In the first phase, around 400 D-Box motion seats will be installed in nine auditoriums, across the Delhi region and Mumbai

March quarter boost for multiplex players PVR and Inox Leisure

Higher footfalls and screen additions to keep FY20 growth strong

Food and beverages drive revenues for multiplexes; PVR posts 25% growth

Inox, PVR post highest growth in the category in nine quarters

How can outside food in multiplexes pose a security threat: HC to Maha govt

If people can be permitted to carry home food inside aircraft then why not to theatres, HC bench asked Maharashtra government

The food issue in multiplexes

Allowing outside food or regulating food prices in multiplexes meddles with a competitive market and makes movie-going unsafe

Outside food gives multiplexes the jitters; PVR, Inox Leisure shares fall

Multiplexes have been trying to grow their F&B offerings by experimenting with cuisines and products

Why can't filmgoers take outside food to theatres: HC to Maharashtra govt

The plea claimed there was no legal or statutory provision prohibiting one from carrying personal food articles or water inside movie theatres

F&B, ad segments push overall revenues of multiplexes: Icra

Over the last three years, the Indian multiplex industry has grown at approximately 13 percent CAGR in terms of operating screens and 14 percent CAGR in terms of revenue. The silver lining though is the healthy growth of food and beverages (F&B) and advertisement segments which have grown at a faster pace of 21 percent CAGR.According to Vice President and Sector Head, Mr Shubham Jain, "The non-exhibition segments - F&B and advertisement - have given a strong push to the overall revenues of a multiplex, a trend which is expected to continue in the near term, given the enormous potential of these segments. Through the use of differential offerings with the help of the latest technologies and diversified food options, the multiplex players are striving to improve their average realisations per footfall."With the recent implementation of the Goods and Services Tax (GST) in the multiplex industry, the state level entertainment tax has been subsumed with a more standard taxation ...