Cinema, cinema halls at crossroads
Struggling to get back on their feet, Cinemas are now reviewing their costs. For instance, the country’s largest chain PVR- INOX Ltd plans to shut down nearly 50 cinema screens in the next six months. Mukta Arts is also in the process of closing 11 of the 65 screens they operate, Puri told Hindustan Times | Mumbai news Key Points
Hindustan TimesAudiences have returned to cinemas: Wave MD
Rajiv Gupta, managing director of Wave Group, stated that audiences have returned to Cinemas and the competition from OTT platforms cannot replicate the cinema experience. The Wave Group plans to invest Rs 100 crore to add 35 screens to its existing 10 multiplexes and 42 screens. Key Points
Economic TimesShah Rukh Khan's Pathaan completes 50 days at the box-office, still playing in 20 countries worldwide-Entertainment News , Firstpost
In India, Pathaan will be playing across 800 cinemas. Rohan Malhotra - Vice President, Distribution, YRF says, 'As Pathaan, our latest offering from YRF Spy Universe, completes 50 days in theatres, we would like to thank everyone.' Key Points
FirstpostBangladesh audiences see first Indian movie in 50 years
“We are all Shah Rukh Khan fans. For the first time I’ll watch Shah Rukh Khan on a giant screen.” Key Points
The HinduAMC, Regal and other US chains plan $2.2 billion in theater upgrades
LOS ANGELES (Reuters) - The largest theater chains including AMC Entertainment, Regal Cinemas and Cinemark will invest more than $2.2 billion over the next three years to upgrade theaters in the U.S. Key Points
ThePrint
Higuita trailer: Suraj Venjarammodu and Dhyan Sreenivasan-starrer promises rooted and intense political drama, watch
Besides Suraj Venjarammodu, the movie also stars Dhyan Sreenivasan, Manoj K Jayan, Indrans, Abu Salim and Vineeth Kumar. Higuita will release on March 31 in cinemas. Key Points
The Indian ExpressDasara box office collection Day 4: Nani film earns a whopping Rs 87 crore worldwide, makers reduce ticket price for Hindi audience
Dasara box office collection Day 4: Nani movie Dasara is now eyeing the Rs 100 crore milestone. So far it has earned Rs 87 crore globally. Here's how much it minted in India. Key Points
The Indian ExpressLobby group urges GST Council to cut in-cinema F&B tax
The Goods and Services Tax (GST) Council in India will discuss a proposal to reduce taxes on food and beverages sold in cinema halls from 18% to 5%. The move is in response to complaints from the Multiplex Association of India, which represents cinema owners. Lower taxes are expected to make cinema visits more affordable and boost revenue for theatre owners. The film industry in India has been struggling to recover from the impact of the COVID-19 pandemic, with Bollywood releases remaining inconsistent and box office earnings falling short of pre-pandemic levels. Key Points
mintAllu Arjun gets mobbed by fans as he arrives for the launch of AAA Cinemas
Allu Arjun greeted fans as he arrived for the inaugural ceremony of his new theatre venture AAA Cinemas. A video of the same surfaced online. Key Points
Hindustan TimesMalls worried over thinning footfalls at multiplexes
Malls have a revenue share agreement under which they get a guaranteed minimum rental and also a share of the revenue. In the case of cinemas, they are getting only a minimum guarantee since revenue is not breaching that threshold. Key Points
Economic Times