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Packed to the rafters

Packed to the rafters
State Government shows green light for
movie halls & theatres to have 100% capacity; says decision is conditional and will be reviewed after 4 weeks
The State Government on Wednesday has given the go-ahead for movie halls and theatres to have 100 per cent seating capacity for four weeks. The decision was taken after a delegation led by
Karnataka Film Chamber of Commerce (KFCC) met Minister for Health and Family Welfare Dr K
Sudhakar and Minister for Information and Public Relations C C Patil at Vidhana Soudha to protest against the 50 per cent rule.
“State Chief Secretary, as per the advice of the technical committee, had issued an order on Tuesday allowing 50 per cent seating capacity for screening movies at theatres across the state. ....

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Only 50% seating allowed in movie halls

Only 50% seating allowed in movie halls
Bangalore Mirror Bureau / Updated: Feb 3, 2021, 06:00 IST
State government says this arrangement will continue till end of February
Though the Centre has allowed 100 per cent seating in cinema halls, the state government has modified the order stating that only 50 per cent of viewers will be allowed per show.
The latest circular issued by the State government states, “After reviewing the current scenario of covid-19 and also considering the possible second wave, it has been decided that as a matter of abundant precaution and in the larger interest of public health, 50 per cent capacity of seating in cinema halls shall continue till 28th of February 2021.” ....

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Now, cinema halls can operate at 100 per cent capacity - The Hindu BusinessLine

Cinemas can run at full capacity, film industry feeling good
January 31, 2021
RELATED
Cinema halls will continue to follow other prescribed protocols on sanitisation, face masks, and thermal screening
With the Information & Broadcasting Ministry giving its nod to cinema halls to open at full seating capacity from February 1, the multiplex industry is hoping to witness stronger recovery.
The industry is hoping State governments give the go ahead for full seating in the next few days. Now, the release of big budget films, which had so far been held back, due to the 50 per cent seating cap norms, are expected.
Up to States, UTs now ....

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Despite Q3 loss, analysts still bullish on this multiplex stock & why!

After a 107 per cent surge from its 52-week lows of Rs 712, touched on May 7, 2020, analysts believe there is further upside left in the stock of multiplex owner PVR even as the firm posted a Q3 net loss of Rs 49 crore.
Most brokerages maintained their bullish view on the company post its December quarter numbers, projecting an upside of up to 25 per cent in the stock from its current market price of around Rs 1,475, led by good management of costs and liquidity, and expectations of strong bounceback in footfalls. The rollout of Covid-19 vaccine also bodes well for the company, analysts believe. ....

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