Covid-19 hit movie halls hard, and PVR—India's largest multiplex chain—was no exception. Talking to Fortune India, Ajay Bijli, its chairman, opens up about his business, and what keeps him going.
The Multiplex Association of India estimates that the sector has suffered a monthly loss of ₹1,500 crore in the last six months, amounting to ₹9,000 crore.
Streaming giant Amazon Prime Video has commissioned 20 new series globally; seven are from India. Amazon India head Gaurav Gandhi believes now is the best time—both for viewers and creators.
Indians prefer large-screen viewing experience, it said in a report; screen scalability issues and any imposition of local body tax are the only two risks in the cinema space.
Megaplex is Inox’s biggest multiplex with a 1,586 seat capacity. Analysts expect ad revenue to fall for the multiplex industry due to the slowdown, but say the show will go on.
Amitabh Bachchan has been in the movies for 50 years, but still works with the enthusiasm of a newcomer. He has been selected for the Dadasaheb Phalke Award this year.
The company has unveiled its first multiplex under the UTSAV brand in Satna, Madhya Pradesh. The multiplex company has 797 screens across the country now.
A brand that has stood the test of time for over five decades, Shemaroo Entertainment is an example of how timely evolution can aid growth and keep obsolescence at bay.
The phenomenal success of a spate of Indian films in China has studio bosses excited, but is the giant Asian country going to be a sustainable market for song-and-dance dramas?
