Hindi movies like Sitaare Zameen Par and Bhool Chuk Maaf have brought audiences back to theatres with Hollywood also sparking revival in box office business.
The draft notification issued by the Karnataka government is currently open for public feedback and objections for a 15-day period, following which the government is required to review all submissions before releasing a final gazette notification.
Called the surprise of the season, the film has, so far, collected more than Rs 70 crore in India and its worldwide business has reached Rs 87 crore, unaffected by its OTT release
PVR Inox Q4 Results: The shares of the company jumped over 4 percent to trade at Rs 959 apiece in the afternoon.
PVR INOX cinemas will screen IPL matches live, starting from March 22, every weekend in many cinemas across India. The 2025 premiere league will commence with KKR vs RCB match.
After a dull first quarter in FY25, it looks like there will be some respite for theatres in the second quarter with a steady release lineup.
PVR INOX stock has slumped 5 percent in the last one year, underperforming benchmark Nifty which has risen 24 percent during this period.
In PVR Inox's screen portfolio, South India leads with 33 percent share followed by North India at 26 percent. The company expects South to continue to lead in terms of screen share in FY25.
Audience going to catch a movie in a PVR Inox property will see less number of ads as the multiplex chain is reducing ad volume to drive footfalls which remains under pressure.
PVR Inox is running offers on food and beverages as well as movie tickets in a bid to increase footfalls at a time when admissions and occupancies are decreasing due to a weak content pipeline in theatres.
The match timings overlapped with peak movie show timings in theatres and India's matches were over the weekend which made the film industry hold back releases, said the multiplex chain's Managing Director, Ajay Bijli.
After a blockbuster September quarter in FY24, industry wide box office collections declined 22 percent quarter-on-quarter (QoQ) to Rs 2,560 crore in Q3 FY24 due to weak performance of films in October and November.
The filmmaker alleged that PVR abused its dominance by giving special treatment to films of powerful and monetarily affluent production houses, thus creating entry barriers to films by independent filmmakers
While the show-sharing negotiations and the clash will affect box office business of the two films to some extent, experts say that it still will be a merry Christmas at the box office as string collections are expected for Dunki and Salaar.
In the past month, the stock of PVR-Inox has surged 8 percent as against a 6 percent rise in the benchmark Sensex
The new property called Maison Inox opening comes at a time when the content lineup looks very strong with Ranbir Kapoor's Animal is slated for December 1 and will clash with another much awaited film Sam Bahadur starring Vicky Kaushal
This is said to be the first ever in-theater movie subscription offering in the country.
Bollywood delivered eight films that surpassed Rs 100 crore in box office revenues, including Jawaan, Gadar 2 and Rocky Aur Rani Kii Prem Kahaani. During the September quarter, Bollywood films took in nearly Rs 2,000 crore at the box office
Theatres see positive impact on Hindi box office, with more films targeted at the mass audience to be released this year
Nine of the top 10 highest-grossing films in India for IMAX this year were Hollywood films. Christopher Nolan's Oppenheimer had the highest traction with over Rs 40 crore, followed by Avatar: The Way of Water.
The dramatic reduction in prices of food and beverages at PVR-Inox multiplexes is expected to increase footfalls, and translate into revenue, and bring people back to the theatres.
The Sensex was down 413.24 points or 0.66 percent at 61,932.47, and the Nifty was down 112.30 points or 0.61 percent at 18,286.50. About 1,782 shares advanced, 1,634 shares declined, and 133 shares remained unchanged.
The launch consolidates the PVR-INOX merged entity’s presence in central India with 299 screens in 70 properties across 25 cities in Madhya Pradesh, Gujarat, Rajasthan and Chhattisgarh
The combined entity will have a screen share of 50 percent in the multiplex industry and PVR-INOX together will command a box office share of 42 percent for Hindi and English content.