Multiplex Chain News Today

While the September quarter emerged as a blockbuster period in FY24, industry-wide box-office collections declined 22 percent QoQ to Rs 2,560 crore

PVR Inox reported a 20% year-on-year decline in its consolidated net profit to ₹12.8 crore for the third quarter of FY24. The companys revenue jumped revenue increases 64% to ₹1,546 crore.

Miraj Cinemas: This fiscal, the company will be investing more than Rs 100 crore to aid the expansion plans, and next fiscal also, it plans to invest another Rs 100 crore.

Experts say dynamic pricing based on show timing, occupancy, size/scale of movie, etc, may be a better bet in stabilising occupancy

Viral video shows Pakistanis having a meltdown after Burj Khalifa does not display their flag on Independence day.

The new property means 158 screens in 25 cinemas in the city for the chain and 201 screens in 35 cinemas in the state of Karnataka.

PVR Inox, a leading multiplex chain, has responded to social media backlash by reducing food and beverage prices by up to 40 per cent, according to the PTI report. The company introduced affordable food combos starting from Rs 99 on weekdays and offered bottomless popcorn with unlimited refills and bottomless Pepsi on weekends., Companies News, Times Now

The newly-merged entity said the properties are loss-making or housed in malls that have reached the end of their life cycle with little hope of any revival

In March last year, the boards of PVR Ltd and Inox Leisure Ltd, had approved an all-stock merger of the companies to create India’s largest film exhibition entity with a network of more than 1,500 screens.

India theatrical release of Pakistani film The Legend of Maula Jatt, starring Fawad Khan and Mahira Khan, has been postponed, an INOX official said. No further date has been shared with us, an official from multiplex chain INOX told PTI.Directed by Bilal Lashari, The Legend of Maula Jatt is an adaptation of the 1979 cult classic Maula Jatt and producers have said it is neither a remake nor a sequel.