Discover the iconic 50-year-old Cauvery Cinema Hall on Sankey Road, a landmark single-screen hall that continues to thrive in the age of multiplexes. Experience the nostalgia and popularity among movie buffs of north Bengaluru.
This will be the largest fund-raising round by Bigtree Entertainment Pvt. Ltd, which operates BookMyShow. Reliance unit Network 18 is the largest shareholder with a 37% stake.
"The best is behind for the likes of PVR in terms of occupancy because the occupancy in the second quarter was around 32%, which was in line with pre-Covid levels. If you look at Q3, we will see a decline in terms of occupancy because for now, we have not seen any film do well, Tiger 3 has reported an inline performance and Dunki will only come towards the end of December. We have got other films like Animal and a couple of more releases, but I do not see occupancy levels moving beyond 26-27%. "
The Hindi film industry raked in over ₹1,300 crore in the September quarter, or 75% of its total earnings for 2022, thanks to single-screen cinemas and movies such as Jawan and Gadar 2 . But that doesn’t mean single-screens are out of the woods
Single-screen theatres in India are seeking partnerships to transform into multiplexes as they look to sustain their recent success with mass market movies.
Last weekend witnessed a record number of admissions in Indian cinemas, with over 2.1 crore moviegoers attending films such as 'Gadar 2', 'Jailer', 'OMG 2' and 'Bhola Shankar', collectively grossing over Rs 390 crore ($52 million). The Multiplex Association of India and Producers Guild of India stated that this was the highest weekend combined admissions record in the last ten years; post reopening of the cinema industry after the pandemic.
The weekend of 11-13 August has emerged as the busiest single weekend in the post-Covid period for theatres across India including single screens and multiplexes.
The weekend saw the release of four tentpole films across languages --period drama Gadar 2, Akshay Kumar and Pankaj Tripathi-starrer OMG 2, Rajinikanth’s Jailer and Chiranjeevi’s Bhola Shankar
The Goods and Services Tax (GST) Council in India will discuss a proposal to reduce taxes on food and beverages sold in cinema halls from 18% to 5%. The move is in response to complaints from the Multiplex Association of India, which represents cinema owners. Lower taxes are expected to make cinema visits more affordable and boost revenue for theatre owners. The film industry in India has been struggling to recover from the impact of the COVID-19 pandemic, with Bollywood releases remaining inconsistent and box office earnings falling short of pre-pandemic levels.