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AFFORDABLE MULTIPLEXES IN INDIA
PVR INOX bets on smaller multiplexes as single-screens declinePVR INOX plans to add one thousand screens over five years. The company is focusing on smaller cities and affordable multiplex formats. Thi...- PVR Inox bets on ₹175 tickets to win small-town IndiaPVR Inox plans to launch 300 affordable cinemas in smaller towns. Tickets will be priced under two dollars to attract new audiences. This e...
- Theatres survived because they were never just about movies: Vishek ChauhanMovie theatres have survived many technological challenges by offering shared experiences. The pandemic presented a sharp shock, but theatr...
- Television-Video-Cable wave of the 1980s & the 1990s was more dangerous for theatres than Covid-19: Vishek ChauhanVeteran exhibitor Vishek Chauhan says movie theatres have survived TV, streaming and the pandemic because they offer a shared viewing exper...
- Multiplexes want tickets up to Rs 300 in 5% tax bracketThe Multiplex Association of India (MAI) is advocating for a GST rate revision, urging the government to lower the tax on cinema tickets pr...
- Arclight falls on a new cinema model as PVR INOX spreads wings beyond India's metrosPVR INOX is strategically investing in a franchise-owned company-operated (FOCO) model to expand its reach beyond metropolitan areas, focus...
- If tax on popcorn is a worry, try munching them in a movie hall. Thankfully, things may changeThe Indian government increased GST on caramel popcorn from 5% to 18%. This sparked discussions about the high cost of snacks in multiplexe...
- Film Producer Tutu Sharma to launch multiplex chain Citara in tier-II and tier-III citiesFilm producer Tutu Sharma is launching Citara, a multiplex chain targeting tier-II and tier-III cities in India. The chain will offer ticke...
- Mukta A2 Cinemas launches festive offer with ₹99 cap on F&BMukta A2 Cinemas has capped all food and beverage prices at ₹99 for the festive season to make cinema outings more affordable. COO Satwik L...
- OTT about to dethrone multiplexes as India's go-to entertainment optionThe report forecast OTTs to become a Rs 12,000-crore market by 2023 — a major jump from Rs 2,590 crore in 2018. This rise reflects a compou...
- Expect strong recovery in auto cycle in next 2 years: Motilal Oswal AMC‘Many of the auto ancillaries are servicing auto companies and some of them also have a replacement demand and these should do very well.’
- SBICAP Sec has a buy rating on PVR, InoxThe brokerage has initiated coverage on PVR with a buy rating and target price of Rs 2150.
- With 100 screens in 5 years, Miraj Cinemas takes movies to every corner of IndiaMiraj aims to get into the psyche of the audiences in small towns and cities, where the big players don’t have a foothold.
- GST: Watching movies at cinema halls to cost you moreGST Council has fixed rate on movie tickets at 28 per cent , the highest rate slab which is also applicable for casinos and five-star hotel...
- We are not up for sale: Siddharth Jain, Inox LeisureSiddharth Jain, director, Inox Leisure, also exhorted governments to reduce electricity and real estate prices before capping ticket prices.
- Film tickets still priced above Rs 200; online portals, multiplexes flout Karnataka government's ruleThe maximum rate of Rs 200 per head is applicable to films of all languages. The restriction, however, will not apply to gold-class screens...
- PVR opens 5-screen multiplex in Panvel, increases pan-India presencePVR, India’s largest cinema exhibition company, has opened the 5- screens multiplex at Orion Mall, taking its screen count in Maharashtra t...
- Multiplexes to add 200 screens as realty sector picks up steamMultiplex chains are expected to add over 200 screens before March 2011 as some of the mall projects that were delayed due to the downturn ...
- Tough time for single-screen exhibitorsWhile the film industry is scripting new success stories, exhibitors of the single-screen variety are finding survival tough.
- Multiplexes are driving the shopping mall revolutionCinema multiplexes are a perfect example of convergence of retail and entertainment across the mall and high-street organised shopping form...
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