PVR News
A consumer court, emphasizing that "time is considered as money," ordered PVR Cinemas and INOX to compensate a complainant for the losses he suffered.
Most moviegoers usually order popcorn and soft drinks.
PVR has introduced new discounts and offers on food.
On weekends, PVR will be offering unlimited popcorn and Pepsi refills.
Stocks of INOX and PVR suffered major losses on Friday in intra-day trade.
The fall is mostly associated with bad reviews to Brahmastra.
Brahmāstra Part One: Shiva has delivered a massive opening day of Rs. 75 crore
At 1.28 p.m. on Monday, the shares of PVR traded at Rs 1,875, up 3 per cent, whereas INOX Leisure at Rs 519, up over 10 per cent.
While there are concerns about the last quarter of FY22 due to the escalating COVID case, PVR had a successful third quarter.
The third quarter of FY22 was the greatest in the prior seven quarters, according to the firm, with Bollywood movie releases beginning in November 2021.
Both the brothers were selected during the campus placement
Both received a salary package of Rs 50 lakh per anum
Under Unlock 5, cinema halls and theatres across the country are all set to reopen after staying shut for almost seven months amid lockdown due to COVID-19 pandemic. Theatres and cinema halls will start functioning from October 15 with new rules and restrictions.
Now if you go to watch a movie, the way or style is going to change.
Several big films have lined up for a digital release, ditching the traditional route of a theatrical opening. This has led to a tug of war between producers and exhibitors.
Moreover, screens would have wheelchair-friendly seats.
The government's decision to put cinema exhibition industry in the highest tax slab of 28 per cent under GST regime along with luxury items will affect quality of contents and growth of multiplex industry, said PVR Chairman and MD Ajay Bijli.
PVR Cinemas has decided not to charge convenience fee on usage of a debit or credit card for purchase of tickets for Bollywood film 'Rock On 2'. Farhan Akhtar has welcomed the move.
Realty major DLF on Friday announced the sale of its remaining 7 screens of DT Cinemas in the national capital to Cinepolis India for nearly Rs 64 crore, thereby exiting the cinema exhibition business.
New Delhi: Realty major DLF on tuesday said it has entered into an amended agreement to sell its 32 screens of DT cinemas to multiplex operator PVR at a revised consideration of Rs 433 crore.
In June, PVR announced plans to acquire real estate major DLF's cinema exhibition business, DT Cinemas, for Rs 500 crore.
Spread across an area of 49,600 sq feet, the new multiplex is equipped with a seasonal capacity of 1,239 seats, he said.
Shares of multiplex operator PVR rallied 5.5 percent Wednesday, a day after it acquired real estate major DLF's DT Cinemas for Rs 500 crore.
Erasing all its early losses, stock of multiplex operator PVR Monday ended with 1 percent gain on value-buying even as the company reported a consolidated net loss of Rs 36.35 crore for the quarter ended March 31.
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