SRK's Pathaan nears ₹900 cr; kicks off Bollywood's 2023 in style
"Pathaan" has generated around ₹465 crore in nett box office collections in India.
"Pathaan" has generated around ₹465 crore in nett box office collections in India.
Inox says it has evolved from a 'multiplex chain' to a 'multiplex & F&B chain'.
The Sensex and Nifty are poised to see a muted start on Wednesday, tracking mixed cues from global peers and soft trends on SGX Nifty.
PVR is Numero Uno with 860 screens, Inox is the second-largest multiplex player with 667 screens and the Mexico-based Cinepolis has 400 screens.
Experts say that while ramping up of vaccination could give some relief to multiplexes, the ongoing staggered lockdown in many states poses a bigger threat.
Although multiplexes have reopened, the audience seems to be keeping away. Fortune India visited a few such theatres and was greeted with scattered crowds, empty corridors, and vacant seats.
The Multiplex Association of India estimates that the sector has suffered a monthly loss of ₹1,500 crore in the last six months, amounting to ₹9,000 crore.
The industry body says that it will work together through the weeks and months to come to ensure that cinemas survive these testing times.
With big budget releases delayed and falling ticket sales, experts expect box office collections to fall.
INOX has redefined the cinema-watching experience with its luxurious theatres across the country.