January is looking fairly positive: Cinemax India

He further says, occupancies have picked up this season. “There has been some price rise,” he adds.

Below is the edited transcript of his interview on CNBC-TV18. Also watch the accompanying video.

Q: It is holiday season. We have spoken to a lot of your peers and they have told us that occupancies have picked up considerably. Can you take us through what it stands for you at this point in time?

A: Occupancies definitely have picked up this season. These are one of the fertile slots. So, definitely the utilisation has gone up. There has been some price rise.

Q: You had declared, on September 30, a demerge of the theatre business. Where does that stand at?

A: We are fairly inline with the date that we had looked at splitting off the business by April 1, 2012. So, we are fairly on track on that the way we are looking at restructuring the business into operating company and aligned company. We are fairly on track on that.

Q: How does January onwards look for you?

A: January as a month per se is looking extremely well. Agneepath comes in the month of January and with that good quality of English content like Sherlock Holmes and The Girl With The Dragon Tattoo is also getting released. There is fairly good amount of content that we are looking at.

With Agneepath almost releasing at the end of January, we will have fairly large legs right up till February-March. So, the month of January is looking fairly positive.