Multiplex Association appeals to landlords to waive off rent of operators amid lockdown

The Multiplex Association of India (MAI) has appealed to landlords across the country to waive off rent and common area maintenance (CAM) for all the multiplex operators during the period of the current nation-wide lockdown.

India is currently under the lockdown with around 1.3 billion people asked to stay home in view of the coronavirus outbreak.

Formed under the aegis of FICCI in 2000, the national multiplex trade body represents more than 18 regional and national multiplex chains, including PVR, INOX, Carnival and Cinepolis, and operates more than 2900 screens across the country.

In a statement released by the MAI, its President Deepak Asher said due to the shutdown, "our Industry is going through an unprecedented crisis that threatens our very existence."
The association said, with with zero revenues, they have "virtually no ability to pay any rent or CAM dues or meet our other fixed overheads."