PVR INOX to shut down 50 screens in the next six months
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
Source: businesstoday.in
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PVR Inox to shut down over 50 theatres in the next six months
These screens either operate at a loss or are situated in malls that have reached the end of their life cycle, with little possibility of rejuvenation.
Source: moneycontrol.com
PVR INOX to close down 50 loss-making cinemas; to open 150-175 more screens
Reports consolidated net loss of Rs 333.99 crore for the fourth quarter
Source: theweek.in