PVR Cinemas

PVR Cinemas signs five-theatre deal with IMAX

PVR Cinemas signs five-theatre deal with IMAX

New Delhi [India], Apr 27 : Multiplex chain PVR Ltd. on Wednesday signed an agreement with IMAX Corporation to add five more IMAX theatres in the Indian market. Through this rollout, PVR cinemas will reach a count of 10 IMAX screens and retain its position as the largest IMAX partner in India.

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 2019.

PVR's Director's Cut ties up with French bakery

L-Opera-PVR-LtdNew Delhi, March 8 : Plush cinema hall Director's Cut of PVR Ltd. has joined hands with French bakery brand L'Opera to offer movie-viewers a chance to experience sweet delights at the cinema's lounge or even in the auditoriums.

Some of the brand's classic offerings, including macarons, coffee eclairs, Opera and Mille Feuille, will be available on the menu.

"We are excited to further enhance our comprehensive guest experience with yet another exceptional offering such as L'Opera's range of delicacies," Renaud Palliere, CEO, International Business, PVR Ltd. (IANS)

PVR acquires screen multiplex chain Cinemax for Rs 395 crore

PVR acquires screen multiplex chain Cinemax for Rs 395 croreCine Hospitality Private Limited, the wholly owned subsidiary of film exhibition firm PVR, has acquired the 138-screen multiplex chain Cinemax for Rs 394.97 crore.

On Thursday, the company announced that it acquired 69.27 per cent stake in BSE-listed Cinemax at Rs 203.65 a share from Kanakia family.

In addition, the entertainment giant has made an open offer for buying another 26 per cent stake under SEBI rules.

PVR calls off bid

PVR calls off bidPVR Cinemas has called off a buy out wherein it was supposed to takeover DLF Group's, DT Cinema. In a statement given to the Bombay Stock Exchange, the multiplex company said that it has terminated an agreement with DLF which required it to take over its cinema exhibition business.

PVR Opens a New Multiplex in Raipur

PVR-LOGOMultiplex chain PVR announced the launch of its prestigious multiplex in Raipur, Chhattisgarh is named as `Magneto Mall'.

The multiplex is reported to have four mainstream digital Audis with total seating capacity of 1350 seats, situated at Magneto Mall, Labhandi, NH-6, Raipur, Chhattisgarh.

The new multiplex features a 2k digital cinema, compliant with DCI technology, advanced sound, and picture quality and digital technology slated to bridge the demand supply gap.

Buy PVR, Target Rs 175: Sovid Gupta, Fairwealth Securities

Buy PVR, Target Rs 175: Sovid Gupta, Fairwealth SecuritiesWe initiate to Buy on PVR Limited with a 40% upside potential from current levels. Investment advice is based on company’s expertise in entertainment business, strong growth plans over next three years in other businesses, especially bowling and gaming, and strong domestic demand for entertainment along with rising income levels.

Results for FY09 were highly muted on number of accounts, primary being

1. Global Economic scenario and falling investor confidence.

2.Tussle between Distributors and producers.

PVR to pump Rs 250 crore in next two to three years

PVR to pump Rs 250 crore in next two to three yearsPVR, the multiplex major, plans to spend about Rs 250 crore on the set up of more screens nationwide, in next two to three years.
The company intends to pump about Rs 150 crore in the movie exhibition business, and Rs 100 crore on movie production and bowling alleys brand Blu-O-Rhythm & Bowl.

The firm plans to add about 57 screens across its 10 properties, to grow the total number of screens to 165, compared to the current 108, by the end of this fiscal.

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