Cinema Multiplex

Mall developers rethinking multiplex spaces as OTT gains and footfall dips

Mall developers are downsizing multiplex spaces in new projects as declining footfall, competition from OTT platforms, and rising demand for experiential retail reshape the industry

Diwali clash: Cinema owners struggle to allocate shows for big releases

From metro cities to Tier-2 and Tier-3 markets, theatres are feeling the heat as they navigate the high-stakes festive clash between huge films like Singham Again and Bhool Bhulaiyaa 3

Multiplex Association defends dynamic ticket pricing, ATP in 2023 at Rs 130

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

Shortage of malls slows Cinepolis' plan for 1,000 screens in India

Mall shortage puts Mexico movie theatre chain's blockbuster India ambitions on pause

Movie at Rs 99: Cinema Lovers Day sees huge turnout with discounted tickets

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

Cinema Lovers Day: Watch any movie at just Rs 99 today at select screens

Popular cinemas like PVR-INOX, Cinepolis, Miraj, CityPride, Asian, Mukta A2, Movie Time, MovieMax, Wave, M2K, Delite, are among those participating in this event

Our focus is to expand in South India, says Ajay Bijli, MD PVR Inox

Just after its launch in the IT city, PVR Inox managing director Ajay Bijli spoke on the company's screen additions, investment strategy, and growth plans

We are inching towards recovery, pre-pandemic numbers: PVR Inox MD

December has been our best month ever. We didn't expect Animal to do so well, but it did. Dunki did well in its genre, along with Salaar, Sam Bahadur, and 12th Fail

National Cinema Day 2023: Know how to book a ticket at just Rs 99?

The National Cinema Day is being celebrated nationwide on October 13 this year and the film lovers will can watch films at an affordable cost, says Multiplex Association of India (MAI)

Film exhibitors to shut cinema for 2 days as movies release early on OTT

The Film Exhibitors United Organisation of Kerala (FEUOK) on Tuesday announced they will close down cinema halls across the state on June 7 and 8 protesting against the early release of movies on OTT platforms. FEUOK's decision came after the producers of the movies, '2018' (2023) and 'Pachuvum Athbutha Vilakkum' (2023) which were running successfully in theatres, agreed to premiere the films on OTT platforms. "The movies, '2018', 'Pachuvum Adbhudha Vilkakkum', were running successfully in theatres. We have decided to mark our protest, against the early release of such movies on OTT platforms, by closing the cinema halls on June 7 and 8... "We have been repeatedly requesting the government to grant permission for OTT release of movies only after a stipulated period of time after its theatrical release," FEUOK president, K Vijayakumar said at a press meet here. He said the early release of movies will make it difficult for the theatre owners to run cinema halls. "We cannot run the

PVR Inox to add 200 screens each year; expects double-digit growth in FY24

Leading multiplex operator PVR is working on "getting economies of scale" after the merger of rival Inox Leisure and expects a double-digit growth in its top-line in FY24, said managing director Ajay Bijli. PVR is working on synergies on revenue from ticket prices, food & beverage, advertising, and operating costs, he said, adding that the merged entity has plans to add 200 screens every year, and tap the potential of smaller markets. "If you look property by property, in certain places there are disparities in the ticket price. There are opportunities for improving programming, and scheduling the peak-hour ticket pricing," Bijli told PTI. Besides, some of the properties would also have to be upgraded, he said. "We both are operating in the same environment and look at the demographics in a similar way. But whatever tweaking needs to be done for both brands to give a consistent experience, we are working on it," Bijli added. When asked about the growth in terms of the top-line of

PVR sees superplexes as next blockbuster concept in cinema business

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

PVR back in red, posts Rs 71-crore loss in Q2 amid Bollywood flop show

The September quarter had no major blockbuster apart from Brahmastra

Hope ad revenue to recover fully to pre-Covid level by Q4: PVR CEO

Brahmastra has done well for the cinema industry. It has put the Boycott-Bollywood movement to rest.

PVR to invest Rs 350 cr in 100 new screens; expects Inox merger by Feb 2023

Film exhibition company PVR Cinemas will invest up to Rs 350 crore to open 100 new screens in FY23, a top official said on Monday. It also expects its mega-merger with Inox Leisure to close by February 2023, after which it will start to run as a combined business, PVR's chief executive Gautam Dutta told PTI over the phone. Pointing to the company's performance in the April-June quarter, he said patrons are coming back to halls to enjoy the cinema experience and the food and beverage sales are also up, which makes it more optimistic about expansion. "We will invest up to Rs 350 crore to open 100 screens in FY23. I see the same trend continuing in the next 2-3 years as well," Dutta said, stressing that the expansion will be a balanced one across geographies. About 60 per cent of the new screens will be in cities where the company already has a presence, while the rest will be in newer ones, he added. Locations, where it intends to expand, include Rourkela, Dehradun, Vapi, Chennai, .

Advertising in movie halls: From still cards to experiential marketing

While in-cinema advertising is yet to reach pre-pandemic levels, multiplex operators are making the next big leap to lure brands. Will it revive the market?

PVR reports Rs 53 cr net profit in Q1; revenue zooms multi-fold on low base

Leading multiplex chain operator PVR Ltd on Thursday reported a consolidated net profit of Rs 53.38 crore for the June quarter. The company had posted a net loss of Rs 219.44 crore in the April-June quarter a year ago, PVR said in a regulatory filing. Its revenue from operations rose to Rs 981.40 crore in comparison to a lower base of Rs 59.39 crore in the corresponding quarter last fiscal, when the screening business was disrupted due to the second wave of the coronavirus pandemic. PVR's quarter-on-quarter revenue was up 82.70 per cent as against Rs 537.14 crore in the January-March quarter of FY22, when some of its markets were disrupted due to a rise in Covid cases. Its total expenses was at Rs 917.19 crore in the period under review compared to Rs 417.06 crore in the year-ago period. In the latest June quarter, PVR's revenue from movie exhibition was at Rs 984.04 crore and Rs 25.34 crore from movie production, distribution and gaming, among others. It is currently operating 8

Multiplexes to post strong revenue growth in Q1, broadcasters to be muted

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

Inox Leisure last quarter's net loss narrows down to Rs 28.17 crore

Multiplex chain operator Inox Leisure Ltd on Monday reported narrowing of consolidated net loss to Rs 28.17 crore for the fourth quarter ended March.

'BTS Permission to Dance' garners highest ticket price in PVR theatres

PVR expects 3-4 per cent of its revenues from alternative content in the next two to three years