Multiplex

This hope comes after Hindi cinema saw one of its worst performances at the box office in 2024, with multiplex chains struggling to fill their theatres

The Multiplex Association of India (MAI) on Wednesday defended "dynamic and flexible" cinema pricing, which fluctuates based on factors like location, day of the week, seat type, film format, and cinema format. Cinema exhibitors are now using sophisticated digital tools to stimulate audience demand and optimise pricing, said MAI while issuing a statement over the recent remarks by film maker Karan Johar. Brushing aside Johar's remarks, who alleged high pricing strategies by cinema exhibitors, the MAI statement quoting its President Kamal Gianchandani said the average ticket price (ATP) across all cinemas in India was Rs 130 per ticket. "The country's largest cinema chain, PVRINOX, reported an ATP of Rs 258 for the fiscal year 2023-24. Additionally, the Average Spend Per Head (SPH) on F&B at PVRINOX during this period stood at Rs 132," it said adding "This brings the total average expenditure for a family of four to Rs 1,560 significantly different from the Rs 10,000 figure carried

Most brokerages believe that the content pipeline in the December quarter will help the company surpass the performance in Q2FY24

On August 15, Stree 2, Vedaa, Khel Khel Mein, Double iSMART (in Telugu, Hindi, and Tamil), and Thangalaan (in Tamil and Telugu) will be released

Thousands of cinema lovers flocked to their nearest theatres on Friday to enjoy blockbusters at the affordable price of just ₹99

Theatre-going population in India on the rise, says Ormax data

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

Theatre owners have to let parents to bring food for infants and provide free drinking water to visitors

A regular multiplex typically has 4-5 screens per property. Larger ones may go up to 7-8 screens at a single location

A slate of flop Bollywood movies have hit India's top cinemas hard, leaving the industry to bank heavily on the current festive quarter to revive its fortunes

The pandemic had wiped out 90 per cent of the top line of all theatre chains

Multiplex operator Inox Leisure is confident of pursuing an expansion strategy and has a pipeline of 834 additional screens after FY23, according to the latest annual report of the company. The company, which was operating 692 screens in 73 cities across India as on June 30, 2022, estimates the total screen count to go up to 752 by the end of ongoing fiscal year. "We are confident about pursuing our expansion strategy and with diligent efforts, we continuously work to expand the number of screens around the nation and strengthen our balance sheet," said Inox Leisure. Even in FY22, when the exhibition industry was impacted due to COVID-induced restrictions, "the company witnessed the highest screen addition, accounting to 32 in the industry (8 multiplex cinema theatres)." "We are prepared to welcome the movie-viewing audience back to our theatres and provide great services since we have a strong pipeline of future films," it said. As of June 30, 2022, Inox has 163 properties with

As theatres reopen, big-budget production houses face challenges with the financial cushion offered by pre-selling to OTTs set to diminish

Q1 marks a full quarter of operations post pandemic for cinemas. This will reflect in financials of these firms, with likely revenue growth at 65-70% for PVR and Inox sequentially

PVR and Inox have seen strong bounceback led by compelling movie content, rise in average ticket prices, and food and beverage (F&B) revenue per head surpassing pre-pandemic levels

Movie theatre company PVR on Friday signed an agreement with real estate firm M3M India to set-up an 8-screen multiplex at 65th Avenue

'Had the last week of December not been impacted by Omicron and the ensuing restrictions we would have closed with even better numbers for December,' says CMD Ajay Bijli

While January could be a washout, footfalls are expected to recover once the virus impact wanes

However, once the restrictions are lifted, the pace of recovery is expected to be sharp, says Crisil Ratings