PVR Cinemas

Cinema exhibitors told Business Standard that the movie will first be released in 2D, meaning Allu Arjun's fans will have to wait for the 3D version

Launches AI chatbot on WhatsApp with Meta, Razorpay, Jio Haptik

Cinema exhibitor PVR INOX Ltd plans to add around 100 screens next year entailing an investment of around Rs 200 crore, its Executive Director Sanjeev Kumar Bijli said on Friday. The company, which launched an AI-powered WhatsApp chatbot, Movie Jockey (MJ), for movie discovery and booking experience, plans to add 100 screens every year going forward. "This year so far we opened about 70 odd screens and closed about 45-50 screens. We will be adding about 40 more screens this year and we will be closing down another 10-15 screens," Bijli told PTI here on the sidelines of the launch. The idea was to close down about 75 screens this year and add about 120, he said, adding "so we are on track". When asked about future expansion plans, Bijli said, "The following year we are looking at adding almost 100 screens per year." When asked about investments, he said next year's pipeline of 100 screens will entail a capital outlay of about Rs 200 crore. "We are looking at asset light model now

This Diwali weekend, two major Hindi-language sequels were released-Anees Bazmee's horror-comedy Bhool Bhulaiyaa 3 and Rohit Shetty's cop universe movie Singham Again

The company said in a BSE filing that the food court business would remain separate from the in-cinema F&B revenue

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

On Sept 20, 2024, National Cinema Day will be providing movie lovers with an affordable theatre experience. The theatres will be offering movies at just Rs 99 on this day

Cinema exhibitor PVR INOX Ltd on Friday reported a widening of consolidated net loss to Rs 179 crore in the June quarter impacted by postponement of film releases due to general elections. The company had posted a consolidated net loss of Rs 82 crore in the first quarter last fiscal, PVR INOX said in a regulatory filing. Consolidated revenue from operations were at Rs 1,190.7 crore in the first quarter, down from Rs 1,304.9 crore in the year-ago period, it added. Total expenses were higher at Rs 1,457.5 crore as compared to Rs 1,437.7 crore in the corresponding period in the last fiscal. "The quarter began on a soft note, with April and May getting impacted due to the general elections, which were the second longest in India's history at 44 days," the company said in its earnings statement. This prompted many producers to postpone film releases, resulting in a 13 per cent drop in the number of releases in the quarter as compared to the first quarter of last year. The number of ...

The Film Employees Federation of Kerala (FEFKA) on Saturday said that no Malayalam film will be given to any PVR owned screen or theatre till it compensates producers from the southern state for the loss suffered by them due to the multiplex company not showing films made by them across India. FEFKA general secretary Unnikrishnan B announced the decision at a press conference held here where noted producers like Blessy Ipe Thomas and Vineeth Sreenivasan were also present. Unnikrishnan said that there was an ongoing dispute between PVR and the film producer's association on the issue of virtual print fee (VPF) charged by the multiplex company. The producers' association decided not to give any films to PVR's new screen at Forum Mall till the dispute was resolved, he said. "As a countermeasure, PVR, with a cartel-like strategy, decided not to show any Malayalam film on any of the theatres or screens owned by them across India. This has caused a significant financial loss as well as .

Cinema exhibitor PVR INOX on Wednesday reported a consolidated net profit of Rs 12.8 crore in the third quarter of the current fiscal. The company, earlier known as PVR Ltd, posted a net profit of Rs 165 crore in the October-December period a year ago, according to a regulatory filing. Its revenue from operations stood at Rs 1,545.9 crore in the second quarter of the current fiscal. In the year-ago period, the same was at Rs 940 crore. The December quarter results came after the merger of rival Inox into PVR, hence it is not comparable, the company said. "Consolidated financial results for the quarter and nine months ended December 31, 2023 are not comparable to those reported for quarter and nine months ended December 31, 2022 due to the amalgamation of PVR INOX Limited (formerly known as PVR) with INOX Leisure Ltd with effect from January 1, 2023," it said. PVR INOX's total expenses in December were at Rs 1,587.2 crore. Its total income in the December quarter was Rs 1,604.7 ..

PVR INOX has launched a subscription plan for all the cinemagoers who love to watch movies in the theatre. Here's the complete update about the plan, and how to avail PVR INOX Passport Subscription

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

PVR Inox made Rs 3,869 crore in revenues last financial year, and owns 1,689 screens in 115 cities

PVR Pictures has been renamed as PVR INOX Pictures following the merger of PVR and Inox Leisure. The merged entity is operating 361 cinemas with 1,689 screens across 115 cities till the end of FY23 in India and Sri Lanka. PVR Pictures was the film production and distribution arm of PVR Group. According to a statement on Wednesday, PVR INOX Pictures intends to increase investments in content acquisition for the Indian market, and generate further opportunities for under-represented storytellers and independent creators. "With a wider screen network, it will expand its programming and marketing capabilities and create highly innovative experiences, bringing significant value to its partners as well as to its customers," it said. The company made a successful film production debut in 2007 with Taare Zameen Par and Jaane Tu Ya Jaane Na. PVR-INOX Ltd has been created after the merger of two leading cinema brands PVR Ltd and INOX Leisure. The merger was effective from February 6, 2023.

PVR Inox to raise funds via the issue of non-convertible debentures worth Rs 100 crore

The company said it is on track to open a total of 100-110 new screens by the end of this fiscal year

The domestic brokerage downgraded the stock from 'buy' to 'add' and cut the target price to Rs 1,850 from Rs 2,121

Multiplex operator PVR aims to operate 1,000 screens by the end of FY24, by adding 100 more screens in the next 15 months, the company's Joint Managing Director Sanjeev Kumar Bijli said. The company, which on Monday achieved the milestone of 900 screens, would invest around Rs 300 crore to add another 100 screens, Bijli said. As part of the expansion, the company is entering into newer cities, especially in the south and east parts of the country, where it has a negligible presence. PVR is looking for smaller cities, which are unserved and have "high potential", said Bijli. When asked about expansion, Bijli said, in the current quarter, PVR would add 30 screens. Moreover, some of the screens which are currently under fit-outs would also be ready for operation in the March quarter. "We are now aiming to have 1,000 screens by FY24," said Bijli, adding, "the company would invest around Rs 300 crore to open 100 screens" in the next 15 months. Besides India, PVR has a small presence i

PVR and Inox Leisure stocks must defend key levels to avoid turning bearish, show technical charts

'We would love to have more players entering the market because that is how the business will grow'