PVR INOX to shut nearly 50 loss-making cinema screens in next 6 months: Reports
Business | May 15, 2023, 09:26 PM ISTPVR INOX Ltd on Monday reported a consolidated net loss of Rs 333.99 crore for the fourth quarter that ended on March 31, 2023.
PVR INOX Ltd on Monday reported a consolidated net loss of Rs 333.99 crore for the fourth quarter that ended on March 31, 2023.
Forget metros like Delhi, Mumbai, Kolkata or Chennai, even Tier-II towns like Moradabad, Saharanpur, Bathinda, Rohtak, Bhiwani and Bharuch have multiplexes, but for the people of Srinagar, it was a dream come true on Tuesday. I have no words to explain the meaning behind the happy faces I saw.
The announcement of the merger came at a time when the film exhibition industry has been impacted by the covid pandemic and there is significant pressure on the theatrical business from the accelerated growth of digital OTT platforms.
Maharashtra Chief Minister Uddhav Thackeray will hold a meeting of the coronavirus task force on Monday to deliberate on granting more relaxations to hotels, shops, malls, restaurants, multiplexes, and places of religious worship.
Days after allowing full capacity in cinemas following representations from the film industry, the government cited an advisory from the Centre and a petition in the Madras High Court over the matter for revoking its decision.
Multiplexes and cinema halls have been allowed to reopen with 50 per cent of their seating capacity in areas outside containment zones in Chhattisgarh's Raipur, an official said on Wednesday.
Maharashtra government on Wednesday allowed cinema halls, theatres, multiplexes to open with 50 per cent of their seating capacity in areas outside containment zones from November 5, as state with one of the maximum number of coronavirus cases, unlocks in phased manner.
In a welcome development for business, movie watchers, the Delhi government on Wednesday permitted reopening of cinemas, theatres and multiplexes with up to 50 per cent of their seating capacity from October 15.
The Ministry of Information and Broadcasting (I&B) has released the Standard Operating Procedures (SOPs) for cinema halls, theatres and multiplexes, set to reopen October 15 onward.
The Ministry of Home Affairs (MHA) on Wednesday issued new guidelines for re-opinng of more activities as the nation entres in the next phase of coronavirus unlock. According to MHA guidelines, Cinemas halls, theatres, multiplexes will be permitted to open with upto 50 per cent of their capacity.
Multiplexes particularly PVR cinemas, INOX Leisure may cut ticket prices once they are reopened amid the pandemic to woo customers seeking to bring back the audience to theatres.
The Gujarat High Court on Wednesday said local authorities can prohibit owners of malls and multiplexes from collecting parking fee, under the provisions of the Comprehensive General Development Control Regulation 2017 (GDCR).
Observing that the prices of such items were often 'exorbitant', a bench of justices Ranjit More and Anuja Prabhudessai directed the state to examine the Bombay Police Act to see if it can be used to regulate prices of eatables being sold in cinema halls.
Multiplexes here went on strike on Tuesday in protest against the levying of an additional tax over and above the Goods and Services Tax (GST), the Multiplex Association of India (MAI) announced.
New Delhi, Aug 6: India's Hollywood cross-over star Freida Pinto won't be seen on multiplex screens as her latest film Rise of the Planet of the Apes has only opened in single screen cinemas nationwide
Top News
Latest News