Key Points
PVR Inox recently said in its fourth-quarter earnings call that it has delayed the handover of about 200 screens due to the "volatility at the box office"...
After 'Pathaan' in January, box office collection has been tepid, although the release of 'The Kerala Story' this month managed to revive the revenues of malls to an extent...
But in view of the huge amount of volatility at the box office that we have seen, we want that to stabilise before we take the next leg of screens for handover and start fitting them out," said PVR Inox..
At 40%, we hit the revenue share and though the last three months have been tough, we hope cinemas to bounce back," said Harsh V Bansal, co-founder of the Unity group, which operates about half-dozen malls in Delhi and Punjab...
Future malls may plan to reconsider the size and number of screens and add more alternate entertainment options on higher floors," said Shriram PM Monga, co-founder of retail consultancy firm SRED...
