Uptick in movie biz prompts exhibitors to increase screen count in FY23

PVR, Inox and Cinepolis adding 125, 77 and 60 screens, respectively, in FY23

For a Hollywood film, Doctor Strange in the Multiverse of Madness, which released on May 6, did roaring business in India during its opening weekend. It collected Rs 97 crore between Friday and Sunday, emerging as the second international film in six months after Spiderman: No Way Home to have a strong opening in the country.

A combination of good regional cinema, especially, films from the south, and Hollywood movies are helping film buffs make their way back to theatres. The uptick is prompting film exhibitors such as PVR, Inox and Cinepolis, the country's top three multiplex chains, to increase