Key Points
However, the business is far from returning to normalcy as Bollywood films fail to draw the expected response at the box office..
And it is turning out to be a worrisome situation for cinema halls across India...
Recently, PVR INOX Ltd reported a consolidated net loss of 333.99 crore for the fourth quarter that ended on March 31, 2023, revealing that they are planning to shut nearly 50 loss-making cinema screens in the next six months...
Here, Raj Kumar Mehrotra, general manager at the Capitals Delite Cinema, shuns the idea that it is a dark time for cinemas, because Hollywood films as well as South Indian titles are filling the gap...
People want good content, no matter what language, he says.. Director Anees Bazmee also feels it is wrong to blame Hindi films for the closure of cinema halls in India..
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Films failing at the box office leav cinema halls in major crisis.look at major loss
22, May, 23With Bollywood films not faring well at the box office, things are becoming worrisome for the cinema halls across India. Experts weigh in on the reasons for the situation and assert that Hindi films alone can’t be blamed. | Bollywood