The company is looking at spending on new screen launches in markets with strong returns like the South but is also shutting down its non-performing screens and is reducing its capital expenditure by 30-40 percent over the previous year in FY25.
While this is being termed a passing phase, mall owners are considering replacing cinema screens with more profitable food and beverage outlets.
According to SBI Research, the over-the-top or OTT market is expected to reach Rs 11,944 crore by 2023, up from Rs 2,590 crore in 2018, logging in a compound annual growth of 36 per cent.
The PVR and Inox Leisure boards are likely to meet on Sunday, March 27, to give their approval for the merger, people with direct knowledge of the matter told Moneycontrol
The recovery in the current quarter may not be enough to offset losses in the first half of Q3, but analysts are optimistic about FY23.
The occupancy for Q4 FY2022 will be impacted and revenues for the quarter will be sequentially lower than Q3 FY2022, due to restrictions on cinema halls and deferred movie releases.
By FY22-end, while PVR is likely to add 30 more new screens, INOX has plans to launch 30-35 screens. However, these numbers are lower than pre-COVID levels, when both PVR and INOX each added screens in the range of 70-80 in a year.
Will people venture out, or is it going to be a dry festive season for multiplex operators? Let’s find out in this edition of 3-Point Analysis
Moneycontrol's Sakshi Batra sheds light on the damage that COVID-19 might have caused to multiplex operators
"The prices of food and beverages sold in multiplexes are exorbitant. Sometimes, some food articles there are more expensive than even the movie tickets," the bench of justices Ranjit More and Anuja Prabhudessai said.
Great deals till 14th February 2016 for Mahagun’s Great Indian Property ...
"We are in the process of enacting a law to make it mandatory for multiplexes to screen Marathi films during prime time," Culture Minister Vinod Tawde said in his reply to a debate on preservation of historical forts, Marathi language and culture.