PVR bets on Korean films amidst slowdown in ticket sales
Indian film industry lost an estimated 2.4 crore audience in 2022
Indian film industry lost an estimated 2.4 crore audience in 2022
"Pathaan" has generated around ₹465 crore in nett box office collections in India.
The December quarter witnessed a sharp bounceback from the previous quarter on the back of strong content performance and good recovery in box office collections.
Admissions and average ticket price during the quarter were impacted by the weak performance of Bollywood and Hollywood movies, says PVR.
PVR shares tumbled amid a report that four investors sold around 9% stake in the multiplex chain operator via a block deal today.
The Sensex and Nifty are poised to open a tad higher on Thursday, in line with global equities and positive trends on SGX Nifty futures.
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.
PVR and INOX Leisure have received ‘no objection’ certificates from BSE and NSE for the merger deal announced in March this year.
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.
INOX Leisure share price dropped 4.15% to hit a low of ₹478.35, while PVR touched an intraday low of ₹1,746.70, down 3.75% on the BSE.