Page 2 - Multiplex

Smaller screens are not an alternative to cinema halls, says Salman Khan

Superstar Salman Khan, who is awaiting the theatrical release of his film "Antim: The Final Truth", on Monday said nothing can replace the joy of watching a movie on the big screen. Directed by Mahesh Manjrekar, "Antim" is reportedly a remake of the 2018 hit Marathi crime drama "Mulshi Pattern". The action drama is billed as a "gripping tale of two powerful men" with polar opposite ideologies; one a cop and the other a gangster, played by Khan and Aayush Sharma, respectively. When asked about the change in the viewing pattern of the audience amidst the coronavirus lockdown, Khan said people have slowly started coming back to theatres. "To watch movies on laptop, iPad or on a small phone, there is not much joy... as compared to watching it with everyone on the big screen in a theatre. If you think small phones are an alternative to cinema halls, then it is not true," the 55-year-old star told reporters at the trailer launch of "Antim". While many states in the country allowed cinem

PVR reports net loss of Rs 153 cr in Sept quarter; revenue at Rs 120 cr

Leading multiplex chain operator PVR Ltd on Friday reported narrowing of its consolidated net loss to Rs 153.13 crore for the second quarter ended September 30, 2021. The company had posted a net loss of Rs 184.06 crore in the July-September quarter a year ago, said PVR in a BSE filing. Its revenue from operations was up nearly threefold to Rs 120.32 crore during the quarter under review. It was Rs 40.45 crore in the corresponding quarter last fiscal when the screening business was completely closed last fiscal. PVR's total income was also up over twofold to Rs 275.21 crore as against Rs 110.61 crore of the corresponding quarter. Its total expenses were at Rs 460.68 crore, up 18.31 per cent in Q2/FY 2021-22 as against Rs 389.37 crore. "The Q2 results continued to be impacted on account of COVID-19," said PVR adding that "we continued our strategy on keeping the monthly cash burn rate low through various cost-saving initiatives and keeping adequate liquidity on our balance ...

Inox Leisure's Q2 consolidated net loss widens to Rs 88 crore

Multiplex chain operator Inox Leisure on Friday reported widening of consolidated net loss at Rs 87.66 crore for September quarter 2021-22

Multiplex owners are heading for another face-off with OTT players

Cinema owners want to return to 8-week gap between theatrical and OTT release

Occupancy uptick, content pipeline drive multiplex stocks' rally

More state governments could join Maharashtra in easing restrictions ahead of the festive season

Cinema halls in Maharashtra to re-open from Oct 22, tweets CMO

The state government will soon issue the standard operating procedure (SOPs) in this regard

The multiplex mess: Road to recovery for pandemic-battered cinema is long

The pandemic and OTT have changed the cinema ecosystem. Now, as states start allowing movie halls to reopen, the road to recovery is in sight. But it is likely to be long and hard

The collapse of Indian cinema

More than two-third of Indian cinema's revenues were wiped out last year

50% seating capacity in cinema halls from April 7: Karnataka govt

Karnataka government has extended the implication of its order regarding 50 per cent seating capacity in cinema halls and it is to be applicable from April 7.

Big screen goes blank: Five movies delayed as Covid-19 lockdown curbs grow

Maharashtra has localised lockdowns and night curfew in place; and restrictions are increasing in states such as Punjab, Madhya Pradesh and Delhi as the daily caseload increases

Govt allows full occupancy in cinemas from Feb 1, issues new guidelines

The central government has allowed full occupancy in cinema halls and multiplexes starting from February 1.In this regard, the Ministry of Information and Broadcasting has issued a set of standard operating procedures (SOPs) for cinema halls and theatres to prevent the spread of the ongoing novel coronavirus.Indian film critic and trade analyst Taran Adarsh shared the news on his Instagram handle. He wrote "BIGGG NEWS... 100% seating capacity allowed in cinemas/theatres/multiplexes. SOPs issued by Ministry of Information & Broadcasting."The SOPs also stated that no films shall be screened in containment zones. To ensure the safety of viewers, cinema halls have taken some other measures too apart from the mandatory wearing of masks and temperature checks. Theatres will have separated seats, staggered show timings, and bookings, mandatory social distancing, and digital payments are being encouraged.In its last set of guidelines issued earlier this month, the government had allowed

Bollywood on the comeback trail as cinemas eye more footfalls

Increase in occupancy will pave way for Hindi blockbusters to release, say multiplex operators

OTT spurt may not affect cinemas in India, says Elara Capital report

Need to socialise cause for growth of movie halls, says Elara Capital

Tenet gets footfalls back into theatres, exhibitors hope for quick recovery

December 4-7 saw box collections at nearly Rs 5 crore, highest since reopening

Punjab govt allows opening of bars in hotels, shopping malls, multiplexes

He said the management of such commercial establishments must ensure meticulous compliance of the standard operating procedures issued by the Health Department from time to time

Occupancy trends key to sense theatre chain PVR's cash flows: Analysts

Company sharply reduces employee costs and rental charges, but has to offer heavy discounts on tickets and snacks

Multiplexes expect 25% rise in operating cost due to Covid-19 SOPs

Multiplex operators expect up to 25 per cent rise in their operating costs on account of the mandatory standard operating procedures as they reopen after being shut since the outbreak of coronavirus

Cost savings on other fronts to offset rise in operational expenses: PVR

PVR is working on a pricing matrix that includes a ticket price of as low as Rs 69 for old and rerun films

Multiplex operators ask Centre to reopen cinema halls as losses mount

West Bengal CM Mamata Banerjee has permitted cinema halls to function from October 1 in the state

Multiplex group appeals to govt to reopen cinemas, says jobs are at stake

Appealing to the govt to allow theatres to reopen, the Multiplex Association of India said the sector that provides employment to lakhs had lost an estimated Rs 9,000 crore in the last six months