Page 3 - Pvr Cinemas

Movie buffs celebrate silver screen's return to Kashmir after 3 decades

The inauguration was followed by a screening of the Aamir Khan-starrer Laal Singh Chadhha, viewed by an audience that included media persons, officials, guests and local residents.

CCI rejects complaint against proposed merger of multiplex chains PVR, INOX

The Competition Commission of India (CCI) on Tuesday rejected a complaint against the proposed merger of multiplex chains PVR and INOX Leisure, saying apprehension of likelihood of anti-competitive practices by an entity cannot be a subject of probe. The watchdog's order has come on a complaint filed against the proposed merger that would create the country's largest multiplex chain with a network of more than 1,500 screens. On March 27, PVR and INOX Leisure announced the merger. However, the entities were not required to seek CCI approval for the deal as it was below the regulator's threshold levels. Under the competition law, deals beyond certain thresholds require clearance from the regulator. In a seven-page order, the regulator said it was of the view that apprehension of likelihood of AAEC (Appreciable Adverse Effect on Competition) by an entity which is yet to take form cannot be a subject matter of inquiry/investigation under Section 3 or 4 of the Competition Act. Section

Will 'Brahmastra' revive bullish bias for PVR, Inox? Check what charts say

Despite the 15 per cent correction from record highs, touched in August, PVR and Inox Leisure have managed to sustain above their respective 200-DMAs

Boycott Bollywood hits PVR, Inox Leisure's stocks

Poor performance of Bollywood movies has made investors to dump multiplex stocks amid fears of sub-par earnings. Analysts see a rocky road for related players for lack of good content. Here's a report

Advertising in movie halls: From still cards to experiential marketing

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?

Street Signs: Stocks in overbought territory, PVR shares flat, and more

Markets are expected to remain volatile on opening as they absorb the results of Reliance Industries and Infosys

PVR reports Rs 53 cr net profit in Q1; revenue zooms multi-fold on low base

Leading multiplex chain operator PVR Ltd on Thursday reported a consolidated net profit of Rs 53.38 crore for the June quarter. The company had posted a net loss of Rs 219.44 crore in the April-June quarter a year ago, PVR said in a regulatory filing. Its revenue from operations rose to Rs 981.40 crore in comparison to a lower base of Rs 59.39 crore in the corresponding quarter last fiscal, when the screening business was disrupted due to the second wave of the coronavirus pandemic. PVR's quarter-on-quarter revenue was up 82.70 per cent as against Rs 537.14 crore in the January-March quarter of FY22, when some of its markets were disrupted due to a rise in Covid cases. Its total expenses was at Rs 917.19 crore in the period under review compared to Rs 417.06 crore in the year-ago period. In the latest June quarter, PVR's revenue from movie exhibition was at Rs 984.04 crore and Rs 25.34 crore from movie production, distribution and gaming, among others. It is currently operating 8

Multiplexes to post strong revenue growth in Q1, broadcasters to be muted

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

PVR restarts capex cycle, plans to open about 125 screens in FY23

Leading multiplex chain operator PVR expects the movie exhibition industry to bounce back "dynamically" in FY23 and plans to open as many as 125 screens during the year, its highest ever tally in a year. According to the company's latest annual report, PVR, which is merging with rival Inox Leisure, expects the process to be completed this fiscal. As per the terms of the merger, its Chairman and Managing Director Ajay Bijli will be the Managing Director and Joint Managing Director Sanjeev Kumar will be the Executive Director, respectively, of the combined entity PVR INOX for a term of five years. "Overall, business is expected to grow in the coming quarters, supported by the growth in ATP (average ticket price) and SPH (spend per head) already witnessed in Q3 & Q4 FY 2021-22, occupancy percentage reclaiming pre-COVID highs on the back of stellar content line-up, and the advertising income coming back to pre-pandemic level over the next few months," said the annual report for ...

OMA cinemas of France announces India rollout plan with PVR cinemas

Oma Cinema was designed by renowned French architect Pierre Chican, who has designed some of France's most avant-garde cinemas over the last 30 years

PVR discontinues operations of 23 screens after lease expiry with Cineline

Cineline India, a part of Kanakia Group, had earlier announced reentering the film exhibition business with a new brand identity

Merger boost: Inox Leisure zooms 20%, hits record high; PVR jumps 10%

The combined entity will become the largest film exhibition company in India with 1,546 screens, at around 50 per cent multiplex screen market share and around 42% box office collection market share

Stocks to Watch: PVR, Inox, Airtel, Emami, DLF, HDFC Bank, Gail India, PSUs

PVR and INOX Leisure are likely to be in focus after the two mega multiplex owners announced an all-stock merger on Sunday.

'BTS Permission to Dance' garners highest ticket price in PVR theatres

PVR expects 3-4 per cent of its revenues from alternative content in the next two to three years

PVR plans to have 20% screens under luxury formats in near future

Terming luxury formats as more experiential in nature, PVR Joint Managing Director said it is the need of the times so that people come out of their homes to watch movies in cinemas after the pandemic

PVR expects full recovery in March quarter; slew of movies set to release

The film exhibition major is currently experimenting with gaming and received a good response

Can star-studded Diwali show bring the sparkle back to cinema halls?

Stars are returning to India's big screens. In the past year, streaming platforms like Netflix and Hotstar had become the only avenue for producers. But Diwali releases may be reversing the trend

PVR Cinemas forays into cleaning and disinfection services business

The country's largest film exhibitor PVR Cinemas on Tuesday announced its foray into the customised cleaning and disinfecting services business under its newly-launched vertical V-Pristine.

'Expect things to get normal for multiplexes by Q4FY22,' says PVR MD

Ajay Bijli tells Business Standard multiplexes will thrive by Q4 if 100% capacity is restored and third Covid wave doesn't happen

PVR Saket, India's first multiplex, reopens after a swanky makeover

The lights are lit for Daniel Craig's fifth and final appearance as James Bond at Delhi's iconic PVR Saket - erstwhile Anupam