While online streaming providers like Netflix and Amazon can change the way patrons watch the movies over a period of time, we don’t see a complete disruption to the theatre operators as both mediums can coexist.
Turning single-screen cinemas into digital multiplexes and curbing online piracy will rid the Indian film industry of its low-revenue bane, a government official said.
"Due to liquidity issues, the company had decided to sell the 'Cinemas' and 'Retail' divisions of the company," SRS Ltd said in a regulatory filing.
It expects earnings per share (EPS) to grow 62 percent and 22 percent in FY17 and FY18 respectively on mega plans to double screens in next 3-5 years.
In this MB Inspired series we have a guest how has started his career in movie business by refurbishing a family-owned cinema and then went on to spread his multiplex chain all over India. The man in focus today is Ajay Bijli, CMD, PVR Cinemas.
Speaking to CNBC-TV18, Kamal Jain, the group’s chief financial officer (India) says that over the past two months, the industry could easily have grossed nearly Rs 800-900 crore, of which a sizeable chunk belongs to Eros