Page 5 - Pvr

PVR Inox plans to open 150 screens next fiscal with Rs 500 crore investment

The country's largest multiplex operator PVR Inox will open 150 screens in the next fiscal with an investment of about Rs 500 crore, a top company official has said. The company, which opened a six-screen luxury cinema at Maison Inox here on Thursday, already runs 118 screens across 23 properties in the megapolis. Overall, including its property in Colombo, it operates 1,711 screens at 359 properties across 114 cities. We are planning to add 150 more screens at an investment of around Rs 500 crore next fiscal, Sanjeev Kumar Bijli, an Executive Director at PVR Inox, told PTI here. On the Maison Inox, he said normally a screen required an investment of Rs 5 crore but given that it's a luxury collection and comes with the first attached bar (Gastby Bar), the per screen cost is about Rs 7 crore. On the company's overseas expansion plans, he said they will have more screens in Sri Lanka only and not anywhere else. Despite the civil war and the deep financial difficulties, "Sri Lanka h

79% consumers fed up with excessive convenience fee: LocalCircle survey

These charges, levied by ticket or service booking platforms like BookMyShow, PVR, IRCTC, can be as high as 20 per cent of the transaction value in some cases

PVR Inox Q2FY24 result: Profit at Rs 166 cr; revenue rises to Rs 1,999 cr

The total income for Q2FY24 came in at Rs 2,023.7 crore, compared to Rs 702.4 crore year-on-year, registering a rise of 188.11 per cent

PVR Inox launches monthly subscription pass 'Passport' for Rs 699

Leading cinema chain PVR INOX Ltd on Saturday announced a new initiative "PVR INOX Passport", a first of its kind movie subscription pass aimed at "irrigating the film industry" and motivating the consumers to frequently visit theatres. As per the monthly subscription pass, which will be available from October 16, cinema goers will be able to watch up to 10 movies per month for just Rs 699. The offer will be applicable from Monday to Thursday, and excludes premium offerings like IMAX, Gold, LUXE and Director's Cut. Gautam Dutta, co-CEO of PVR INOX Ltd, said the company has been engaging with the customer base to know more about their movie watching habits. "There is a sentiment, the consumers are saying that we love the movie experience and we love to come out to a cinema. But we can't get it all. We keep slotting what are the event films and what are the movies that can be consumed on TV, iPad and mobile. "So in their mind, 'Pathaan', 'Jawan', 'Salaar', 'Leo', are some of the big

Multiplex Association of India sets Oct 13 as National Cinema Day

Multiplex Association of India (MAI) on Thursday announced that the National Cinema Day will be held on October 13 this year. Movie enthusiasts will be charged only Rs 99 per admission at cinema halls across the country, the national multiplex trade body said in a press release. Over 4,000 screens at multiplexes from India, including PVR INOX, Cinepolis, Miraj, and Delite, have teamed up to participate in the National Cinema Day celebrations, it stated. "This special occasion brings audiences of all ages together for a day of cinematic bliss, celebrating the incredible success of multiple films at the box office this year. "It's a heartfelt 'thank you' to all the moviegoers who contributed to this success and an open invitation to those who haven't yet returned to their local cinema," the association said. According to MAI, cinegoers can watch any show of any film on October 13 for Rs 99, excluding the recliner and premium formats. Last year, the association marked the National C

Moviegoers are back

Filmmakers will have to invest in understanding the changing tastes of moviegoers, in multiplexes and single screens, in order to improve their chances of success

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