Multiplex chain PVR Ltd. The new IMAX theatres, which are planned to be located in Delhi and other major metropolitan markets and will comprise a combination of new and existing PVR cinemas, are slated to begin opening this year, with all theatres expected to launch by the end of Asian News International New Delhi. Thank you for subscribing to our daily newsletter. Pizza delivery boy tests Covid positive in Delhi; 72 families told to quarantine.
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Renewal date of health, motor insurance policies further extended to May PVR Cinemas is a film entertainment public ltd company in India.
The company began as a joint venture agreement between Priya Exhibitors Private Limited and Village Roadshow Limited in with ratio, began its commercial operations in June InBijli took over the running of the cinema hall, which was revamped inand its success led to the founding PVR Cinemas. The idea behind PVR Playhouse is to give kids a space where they can watch movies that engage them in the way they want to.
PVR has signed 22 theater agreement with 4DX which is the largest in the country out of which 18 are open. From Wikipedia, the free encyclopedia. This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources.
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PVR looks at social distancing in its theatres after lockdown, says PVR Cinemas CEO
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Necessary Always Enabled.New Delhi, Apr 4 PVR, the largest theatre chain in India, is looking at seat distancing in its halls as one of the "out of the box" ways to ensure audiences feel safe about returning to the movies after the coronavirus forced lockdown is over, says PVR Cinemas CEO Gautam Dutta. Besides introducing social distancing at the ticket booking level -- saying goodbye for the moment to shared popcorn and holding hands as part of the movie watching experience — PVR will also sanitise all its theatres and train its staff, Dutta told.
For example, if you have booked two tickets, we will leave one seat and book the next one," he explained. We are planning many small and big things, from training to sanitisation. We are talking to Pepsi whether we can sell only cans. The company, which started inoperates a cinema circuit comprising screens at properties in 71 cities in India and Sri Lanka, serving over million viewers annually.
This is the first time that revenues have completely dried up, Dutta said, as the coronavirus pandemic sweeps the globe with more than a million cases and over 59, fatalities. India, where the disease has infected more than 2, people and claimed at least 68 lives, has been under a three-week nationwide lockdown since March Dutta said the group had taken a voluntary decision to close the theatres even before the government's notification. Like any other business, we have gone through ups and downs in terms of revenues but we had never imagined our revenue will read zero.
And it's not just us, world over content releases have got impacted. Overall, it's a very tough situation," Dutta told in a phone interview.
He expressed the hope that businesses, including cinemas, will slowly get back to normal after the lockdown is lifted. People at the senior level in the company had decided to voluntarily take a pay cut to insulate the minimum wage staff, he said.
So we took a 50 per cent cut on managerial positions. We also insulated our minimum wage staff. Technically, there have been no salary cuts, no retrenchments at the cinema level so far. If the lockdown situation is better and we are in a position to start opening cinemas, we will stay with that stand," he added. In his view, nobody will lose jobs even if "the problem" stays for the next couple of months. However, there could be salary cuts along the way because it is a big team, he said, adding that the situation would be assessed after the lockdown is over.
There is a fear that people may not return to cinemas immediately and many may even stop going to the cinemas completely as they switch to streaming platforms, witnessing a surge in viewership as people across the world stay locked indoors? On the last day of operation before the lockdown came into effect, two lakh people streamed into PVR cinemas across the country with only 50 per cent of theatres operational at the time.
We are social beings and like to go out.
We don't say we are in the business of cinema, we say we are in the business of out of home entertainment and it will thrive, not now, not later but always," Dutta said. Cinema is beyond movies, it is about marking a memory, about holding hands, eating out, socialising, birthdays and anniversaries," he said. Life will come back to normal once the virus scare is over and people will look at this as "a phase" in their lives.
Globe Icon An icon of the world globe. Link Copied. This will be for a couple of weeks or maybe a month so people feel comfortable again, he added. Dutta replied saying he was not worried about the future at all.
But it'll leave us with many learnings along the way. I think we have to convert this into a big positive," he added. Add Comment Comments.Note : Support and Resistance level for the day, calculated based on price range of the previous trading day.
Note : Support and Resistance level for the week, calculated based on price range of the previous trading week. Note : Support and Resistance level for the month, calculated based on price range of the previous trading month. E TTM is displayed only when latest 4 quarter results are positive. Read 72 investor views. They just set to attract sellers now that no one came they vanished. View more 2. Posted by : Ramlack. Agar operator ka samaj aatha tho hum karod pathi hothebikari thodi na hothe View more 2.
Agar operator ka samaj aatha tho hum karod pathi hothebikari thodi na hothe. View More. Hot stocks As rally broadens focus on midcaps; 2 stocks that can give healthy returns in weeks.
Kotak upgrades 14 stocks to buy in March after the virus-led correction. Worst factored in but a sharp bounce unlikely unless Nifty reclaims 9, Umesh Mehta. Market Headstart: Nifty could face resistance around 12, PVR - Disclosures under Reg. For the year ending March PVR has declared an equity dividend of At the current share price of Rs The company has a good dividend track report and has consistently declared dividends for the last 5 years.
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Quick View. NIFTY PVR Ltd. Intra - day transactions are permissible and normal trading is done in this category. Please select a Day. Portfolio Watchlist. BSE BSE Live Apr 16, Close Bid Price Qty. Beta 0. BUY NSE Live Apr 16, Powered by.Canada's IMAX Corp, best known for its immersive cinema technology, is bullish on India and sees a potential for close to screens in the country, despite very slow growth here in the last 20 years, a top company executive said.Mtk6797 tablet
Promoters of IndusInd Bank attribute the latest decline in the stock to excessive speculative action. Bulk deal data on the BSE showed that 1,06,87, scrips were sold at an average price of Rs All rights reserved. For reprint rights: Times Syndication Service. Panache The party ain't stopping: People are paying real money to get into virtual Zoom nightclubs. Brand Solutions. TomorrowMakers Let's get smarter about money. ET NOW. ET Portfolio. Recreation, leisure and luxury stocks may take longer to recover Analysts have drastically cut earnings growth estimates of key companies in these sectors.
Coronavirus: The biggest challenge right now is business continuity As the Covid outbreak hits companies hard, CFOs like Vaish are bracing All News Videos Photos. IMAX bullish on India despite slow growth, sees potential for screens 17 Feb,AM IST Canada's IMAX Corp, best known for its immersive cinema technology, is bullish on India and sees a potential for close to screens in the country, despite very slow growth here in the last 20 years, a top company executive said.
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