PVR’s Shocking Decision Sparks Off Debate
According to PVR Inox's most recent announcement, 50 theatres would close as a result of accelerated depreciation on those scheduled to close. The 50 theatres are located in malls that are nearing the end of their useful lives and have slim prospects of recovery. In FY 2023 and Q4 FY23, the chain added 168 and 79 screens, respectively. However, moviegoers don't need to be concerned. PVR Inox will make up the difference in FY24 by adding 150–157 screens. While 152 are at various phases of design, only nine have already opened. The chain also has a strong development plan for the following five years.
The merger simply increased the number of screens, and the chain is sure that moviegoers are returning to theatres. In the following fiscal year, they also want to add 180 more displays. Additionally, it is analyzing the economics of ticket prices, food and drink, advertising, and operating expense revenue. Shah Rukh Khan's Pathaan got the year off to an exciting start. Avatar: The Way Of Water by james cameron also performed admirably. Additionally, the multiplex owners have benefited from the most recent hit, The kerala Files. But every other major name has failed miserably.
Social media users are now debating this. There is fierce competition for viewers' attention thanks to Netflix and YouTube, so chains need more blockbusters to boost profitability. The biggest obstacle, according to others, may be people becoming accustomed to their own kind of home theatres. Even the young couples who went to the movies to experience some intimacy have switched to OYO. The audience is also displeased with having to pay the same price to see either a Rs. 25 crore movie like Selfiee or a Rs. 250 crore spectacle like PATHAAN.
The merger simply increased the number of screens, and the chain is sure that moviegoers are returning to theatres. In the following fiscal year, they also want to add 180 more displays. Additionally, it is analyzing the economics of ticket prices, food and drink, advertising, and operating expense revenue. Shah Rukh Khan's Pathaan got the year off to an exciting start. Avatar: The Way Of Water by james cameron also performed admirably. Additionally, the multiplex owners have benefited from the most recent hit, The kerala Files. But every other major name has failed miserably.
Social media users are now debating this. There is fierce competition for viewers' attention thanks to Netflix and YouTube, so chains need more blockbusters to boost profitability. The biggest obstacle, according to others, may be people becoming accustomed to their own kind of home theatres. Even the young couples who went to the movies to experience some intimacy have switched to OYO. The audience is also displeased with having to pay the same price to see either a Rs. 25 crore movie like Selfiee or a Rs. 250 crore spectacle like PATHAAN.