Breaking PVR and INOX to announce merger (update: Merger Announced)

[hike]

My preference... Cinepolic actually only

PVR & lnox not my fav

True, never went to PVR but Inox has third class services, chair have no space and comfort. Whereas Cinepolis itself has class and treat customer well.

 

[rohan74]

Is Inox indian company?

 

[Itsme...]

Is Inox indian company?

Both Inox and PVR are Indian company.

 

[rohan74]

Both Inox and PVR are Indian company.

Okay

 

[Roleplayer]

Whereas Cinepolis itself has class and treat customer well

Right...

l hardly feel good at PVR & lnox.

 

[Shaheen916]

Now, it seems the struggling Carnival Cinemas may shake hands with Cinepolis. We may also witness a surprise entry of Ambani/Adani group who are on shopping mood these days!

 

[Deep Mody]

PVR-Inox merger: Will your popcorn or ticket price get expensive? Here is what experts think

The National Company Law Tribunal (NCLT) Mumbai has given its nod for the merger between India's largest movie chains, PVR and Inox Leisure. We take a look at how things will change.

www.cnbctv18.com

 

[Deep Mody]

Inox is aiming to redress this rapidly. It will open 40 more screens by the end of March and its CEO Alok Tandon says that there are plenty more coming up. “Beyond the 2023 financial year, we have a strong pipeline of about 900 to 950 screens which are already signed,” Tandon told Variety. “We are ensuring that we open cinemas at a fast pace, we take it pan India, whether it’s a tier one or tier four city, we are agnostic to that. We want cinemas to be closer to the home of a guest.”

“Our pricing strategy is very clear. We never out price ourself, we ensure that we charge our tickets as per the paying propensity of the people in the vicinity, the cost structure of the property and on the newness of the film,” Tandon said. “It is the quality of content which pulls in a crowd, not the pricing of a ticket.”

Indian Multiplex Chain Inox Reveals Expansion Plans Ahead of PVR Merger (EXCLUSIVE)

Indian multiplex chain Inox Leisure has revealed ambitious expansion plans as its merger with PVR Cinemas is finalized.

variety.com

 

[Deep Mody]

PVR, Inox started releasing combined ticket sales

 

[Deep Mody]

PVR Inox Q4 Results: Firm reports loss of Rs 333 cr; revenue jumps 113% YoY

PVR Inox, the multiplex chain operator, had posted a profit of Rs 16.1 crore in Q4 2020 and a loss of Rs 105 crore in Q1 2020. The firm reported revenue from operations of Rs 1,143 crore during the quarter, with EBITDA of Rs 285 crore.

economictimes.indiatimes.com

PVR-INOX plans to shut down around 50 cinema screens over next 6 months

These properties are loss-making, or housed in malls which have reached the end of their life cycle with little hope of any revival.

economictimes.indiatimes.com