Large screen format theatres are banking on film-makers' need to create ever bigger spectacles and a clearly differentiated experience from watching movies at home and on OTT, to spur growth.
The board of PVR, the largest multiplex operator of the country, has approved fund raising of up to Rs 800 crore through the issue of equity (or other instruments)
The move will help bring incremental tax income into the government's kitty and generate employment, says Kumar Rajagopalan of Retailer Association of India.
Imax Corp, which operates a chain of big-screen movie theatres, said it has signed a 75-theatre joint revenue-sharing deal with China's Wanda Cinema Line Corp, marking the Canadian firm's largest international deal.