
PVR back in black on box office boost; Q3 revenue jumps 53%
The December quarter witnessed a sharp bounceback from the previous quarter on the back of strong content performance and good recovery in box office collections.
The December quarter witnessed a sharp bounceback from the previous quarter on the back of strong content performance and good recovery in box office collections.
INOX Leisure share price dropped 4.15% to hit a low of ₹478.35, while PVR touched an intraday low of ₹1,746.70, down 3.75% on the BSE.
India's largest multiplex chain PVR that operates a cinema circuit comprising of 846 screens has given its flagship property a luxurious facelift in the P[XL] format.
Cinemas have an “unreplaceable element” which is why it continues to deliver a robust box office performance, says the multiplex industry.
Once upon a time big-ticket movies headlined by megastars would be lapped up by audiences. Not anymore. Moviemakers are realising that small is not just beautiful but profitable, too.