The Madras High Court dismissed a petition seeking to revoke the censor certificate of the controversial movie Mersal, citing that it was only an imaginative story and that the freedom of expression was there for all. Mersal was in the…
PVR to Acquire Minority Stake in US-based Theatre Firm iPic
Multiplex operator PVR said it will acquire a minority stake in US-based luxury restaurant and theatre company iPic Gold Class Entertainment LLC (iPic) for an undisclosed sum, a move that would give PVR exposure in the cinema exhibition market of…
Actor Vijay Declares Controversy-ridden Mersal Big Hit, Thanks Supporters
Tamil star Vijay, whose latest film ‘Mersal’ faced opposition from the BJP leaders in the state over its references to GST, thanked those who supported the film. In a statement, the actor thanked fans and supporters for standing by him.…
SC Asks Govt to Consider Regulating Playing of National Anthem in Theatres
The apex court had last year ordered the theatres across the country to mandatorily play the national anthem before a movie. The Supreme Court on recently asked the Centre to consider amending the national flag code for regulating the playing…
F&B, Ad Segments Push Overall Revenues of Multiplexes: ICRA
Over the last three years, the Indian multiplex industry has grown at approximately 13 per cent CAGR in terms of operating screens and 14 per cent CAGR in terms of revenue. The silver lining though is the healthy growth of…
PVR Q2 Profit Down 15% to 25 Crore
Multiplex chain operator PVR reported a 15.13 per cent decline in consolidated net profit at 24.72 crore for the quarter ended September 30. The company had posted a net profit of 29.13 crore during the same period previous fiscal, PVR…
Cinemark Begins Remodel of Movies 12 in IA with Luxury Lounger Recliners
Cinemark Holdings, Inc, a leader in the motion picture exhibition industry, has begun remodeling the Cinemark Movies 12 theatre. The renovation and upgrade will include adding Luxury Lounger reclining seats to all auditoriums. Cinemark Luxury Loungers are electric-powered, plush, oversize…