Brahmastra effect? PVR, Inox Leisure shares fell up to 6%
Shares of PVR and Inox Leisure dropped after newly released movie Brahmastra, starring Ranbir Kapoor and Alia Bhatt, received disappointing reviews from fans and critics.
Shares of PVR and Inox Leisure dropped after newly released movie Brahmastra, starring Ranbir Kapoor and Alia Bhatt, received disappointing reviews from fans and critics.
Once we're able to revive and re-establish the business, we can look at diversification, Sanjeev Kumar Bijli, joint managing director, PVR, told Fortune India.
Broadcasters, movie exhibitors, and print media will be most impacted, says a report by research agency Ind-Ra.
The decision of some producers to release their movies directly on OTT has riled multiplexes, but this is a fight no one can win. In the end, it’s about economic compulsions.
The industry body says that it will work together through the weeks and months to come to ensure that cinemas survive these testing times.