Page 5 - Pvr

Analysts put PVR-Inox on a pedestal amid bumper releases, merger synergies

At the bourses, shares of this multiplex operator have soared 14 per cent in a month, as against a 1.6 per cent fall in the S&P BSE Sensex

TMS Ep509: RIL AGM, DRDO replicates Isro, PVR-Inox stocks, quiet cutting

What does Reliance AGM tell about its succession plan? Can DRDO replicate Isro's success? Time to buy PVR-Inox stock amid strong box-office collections? What is quiet cutting? All answers here

PVR Inox gains good box office collection of Gadar 2, Jailer and OMG 2

Shares of PVR have improved around 30% from its close at Rs 1,373 on August 30, 2023. Its benefits hyped to Rs 1,753.50 on Friday due to multiple blockbuster releases like Gadar 2, Jailer and OMG 2

Filmmakers, exhibitors have to keep pushing the envelope: Ajay Bijli

Managing director of PVR INOX speaks about ticket prices and watching movies on the big screen

Back to the theatre: PVR Inox made over Rs 100 cr this blockbuster weekend

Between August 11 and 13, the number of viewers in various PVR Inox cinemas crossed 3.36 million. This highest-ever weekend viewership helped the company earn gross revenue of over Rs 100 crore

PVR Inox gains 3% on highest-ever weekend footfalls, box-office collection

The company welcomed around 3.36 million guests at its cinemas and earned gross box office revenue of around Rs 100 crore in the Aug 11 - 13 weekend.

NCLAT set aside CUTS' petition seeking CCI probe in PVR INOX merger

The National Company Law Appellate Tribunal (NCLAT) on Thursday dismissed a plea seeking an investigation by the fair trade regulator CCI over the merger of two leading multiplex operators PVR and INOX. NCLAT rejected the petition by Consumer Unity & Trust Society (CUTS) observing that the fair trade regulator has rightly observed that even if the merger is concluded, their dominance in the film exhibition industry per se is not anti-competitive. CUTS had challenged an order by the Competition Commission of India which rejected its plea on September 13, 2022, for seeking an investigation into the merger. However, during the pendency of the appeal the Mumbai bench of the National Company Law Tribunal (NCLT), approved the merger on February 16, 2023, sanctioned the scheme of merger by absorption of the Inox with PVR. In its petition CUTS said transaction is exempted from the notification requirement under Section 5 of the Competition Act as it qualifies for the de minimus ...

PVR INOX launches standalone IMAX property at iconic Priya Cinema

Multiplex chain PVR INOX on Thursday announced that they have converted Priya Cinema, one of the first theatres they opened in the national capital, into a state-of-the-art standalone IMAX theatre. The property at Basant Lok Complex, Vasant Vihar, will feature a next generation laser projection and multi-channel sound system exclusive to IMAX theatres for a truly immersive experience. Ajay Bijli, Managing Director, PVR INOX Limited, said upgrading their landmark cinema hall was a proud moment for the company. "It was the first cinema that we started here in Vasant Vihar and it has gone through a lot of changes. But this particular format is the best in its class. It makes a big movies even bigger and it is extremely immersive. We have been committing ourselves for the past 33 years that how do we make the experience absolutely amazing and at the same time do justice to people who make content," Bijli said at the event here. Actor Ayushmann Khurrana, who was also present at the even

Hollywood saves India's PVR Inox as Bollywood bombs at box office

International cinema helped India's biggest movie operator PVR Inox post a rise in first-quarter revenue as Hindi films failed to bring moviegoers to theatres

PVR Inox Q1FY24 results: Net loss at Rs 80.1 crore; revenue up 31%

The total income for Q1FY24 came in at Rs 1290.1 crore, compared to Rs 983.5 crore YoY

Cinema exhibitor PVR Inox plans to add two more superplexes this year

Cinema exhibitor PVR INOX Ltd on Thursday said it is looking to add two more superplexes this year as part of plans to expand its large format offering. The company opened its new 12-screen superplex in Bengaluru, having multiple cinema formats, taking its total to 158 screens in 25 cinemas in the city. Superplexes or cinema halls with 10 or more screens offer a range of formats and experiences under one roof in mega malls with large floor areas. "Bengaluru has always been a very special market for us, where the movie going propensity is very high. People there watch all kinds of movies in multiple languages or genres and it is the best performing city for us... We're always looking at growth opportunities in Bengaluru," PVR INOX Ltd Executive Director Sanjeev Kumar Bijli said. The new superplex has 12 screens with 2,192 seats, he added. When asked how many superplexes the company plans to open across India, he said, "This year, we're launching two more, one each in Bengaluru and

'Bottomless popcorn': PVR introduces new offers after backlash on Twitter

A man who went to watch a film in Noida recently had complained on Twitter about the high price he paid for cheese popcorn and Pepsi at PVR Cinemas

Sensex drops 224 pts in fag-end, Nifty below 19,400; Delta Corp sinks 23%

CLOSING BELL ON JULY 12, 2023: Shares of online gaming firms wilted under selling pressure on Wednesday owing to the 28% GST levy. Meanwhile, HDFC signed-off its from the bourses with a 0.6% loss.

We've become language agnostic: PVR on growing market of non-English films

Language is no longer a barrier when it comes to good content, says Sanjeev Kumar Bijli, Executive Director, PVR INOX Ltd, who has acquired Sundance Film Festival breakout "Past Lives" for India release. "Past Lives", by first time director Celine Song, is an English-Korean relationship drama that has earned rave reviews with critics hailing it as one of best movies of the year. It has already been released in the US and hits Indian theatres on July 7. Bijli said the commercial success of Japanese anime film "Suzume" inspired them to look beyond English titles and experiment with the kind of movies they want to distribute in India through PVR INOX Pictures, the motion picture arm of PVR INOX Limited. "In the last few years, we have become very language agnostic. We now watch Tamil films in Tamil with subtitles, Malayalam films in Malayalam, which is why Hindi remakes don't do so well. We just need good content now and that made us realise that we need to go beyond only English movie

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.

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

Sensex sheds 413 pts as HDFC twins, RIL weigh; Nifty ends below 18,300

CLOSING BELL: The BSE Midcap, Smallcap indices, however, bucked the trend and ended with a gain of up to 0.2 per cent. Breadth too was marginally positive.

PVR Inox hits 52-week low; down 4% as Q4 net loss widens to Rs 333 cr

The management believes that the two major factors that marred the industry in FY23 - underperformance of Hindi films and less number of Hollywood releases, will both ease out in FY24.

Ahead of Suzume release, PVR says strong signals to grow anime genre

'Anime film series have been a huge success in many parts of the world'

PVR launches sustainability campaigns, join hands with actor Bhumi Pednekar

Leading multiplex operator PVR INOX Ltd on Saturday announced the launch of a campaign to spread awareness about climate change and has joined hands with Bollywood actor Bhumi Pednekar. PVR, which after its merger with INOX Leisure operates over 1,600 screens pan India, is taking steps to reduce the carbon footprint by pursuing sustainable activities in its operations. "We have started many initiatives such as replacing all plastic usage inside the cinema halls with biodegradable materials such as paper cups, cutlery plates etc. We have water and electricity conservation plans where we would replace LED light, sensors in common areas etc," PVR INOX Executive Director Sanjeev Kumar Bijli told PTI. With this, PVR INOX would save 2,000 tonnes of carbon footprints in a year by taking these sustainable steps, he added. It has replaced single-use plastic served to customers by sugarcane bagasse food containers, and coated paper straws made of biodegradable polymers, said Bijli. Besides,