How real estate costs changed Cinepolis' revenue model
It is a fundamental shift in real estate. Many property owners now understand the nuances of managing retail spaces effectively.
It is a fundamental shift in real estate. Many property owners now understand the nuances of managing retail spaces effectively.
Inox says it has evolved from a 'multiplex chain' to a 'multiplex & F&B chain'.
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.
Television and print remained the top two media segments. Digital media overtook filmed entertainment to become the third-largest segment.
With big budget releases delayed and falling ticket sales, experts expect box office collections to fall.
Megaplex is Inox’s biggest multiplex with a 1,586 seat capacity. Analysts expect ad revenue to fall for the multiplex industry due to the slowdown, but say the show will go on.
The company has unveiled its first multiplex under the UTSAV brand in Satna, Madhya Pradesh. The multiplex company has 797 screens across the country now.
Cinemas have an “unreplaceable element” which is why it continues to deliver a robust box office performance, says the multiplex industry.
PVR has survived competition both from within the industry and video-streaming services, but with consumers spoilt for choice, what keeps India’s largest film exhibitor on its toes?