Movies

Cinemax Q3 net bleeds as expenses surge 48%

MUMBAI: Multiplex chain Cinemax India has sunk in losses in the three-month period ended 31 December as its expenses jumped 47.65 per cent.


Cinemax posted a consolidated net loss of Rs 10.8 million for the third quarter compared to a net profit of Rs 40.9 million.


Cinemax‘s net income from operations grew 33.4 per cent to Rs 765.7 million, as against Rs 574 million in the corresponding period of the previous fiscal.


Expenditure climbed from Rs 511.4 million in year ago period to Rs 755.4 million in the third quarter of this fiscal. The film distributor‘s share went up 43 per cent to Rs 223.9 million in the quarter under review.


Meanwhile, the profit from operations (before other income, interest and exceptional items) came down to Rs 10.3 million, as against a profit of Rs 62.6 million.


Revenue from the theatrical exhibition and entertainment segment rose to Rs 878.7 million, up from Rs 647.9 million in the corresponding quarter of the previous fiscal. However, Ebit from the segment went down to Rs 7.1 million (compared to Rs 53.6 million).


The company has employed a capital of Rs 2.44 billion as of 31 December on the segment.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/16/judw2.jpg?itok=MoOLOx7y
Pre-Diwali period sees some flops

The pre-Diwali period saw a few flops. Judwaa2 saved the situation to some extent for the exhibition section providing relief with a considerable number of footfalls for a couple of weeks. Besides this, Newton was in news, a small film which got some favourable box office but more media hype as it...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/16/PVR.jpg?itok=aBQphPBl
PVR sub-brand in tier-III towns on anvil, engages fans with interactive card

NEW DELHI: Rs 21.8-billion multiplex chain PVR, which is aiming to touch 1000 screens by 2020 having crossed 600 recently, is likely to form another brand to tap tier-III towns. PVR sources confirmed to indiantelevision.com that the aim was to cater to every price category, and extend its reach to...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/16/Maiden_0.jpg?itok=p_6D8yMg
Maiden Indian film fest in Poland honours Koirala, Mittra

NEW DELHI: Wave Cinemas' CEO Rahul Mitra and actress Manisha Koirala were honoured with special awards at the first-ever Indian Film Festival in Poland (Warsaw). They also took part in the grand red carpet event at the iconic 'Kinoteka' theatre in the heart of Warsaw. A special audience of hundreds...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/10/judwa2_0.jpg?itok=OBtA8dpP
Judwa remake has an advantage over Chef

*Wrong time release and the film pays heavily. Much beyond its demerits. Pre-Diwali is the dullest period to release a new film but, even the best of production houses with years of standing still go ahead and do it. T Series released Chef in this dull period and, when asked, the explanation was...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/06/chef.jpg?itok=m6q0yYAq
Chef: Where is the audience?

Chef is a remake of 2014 Hollywood film of the same name, written, directed and co-produced by Jon Favreau, who also essayed the lead role.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/06/Baahubali%202.jpg?itok=fvJMACwW
Baahubali 2 to premiere on Sony Max on 8 Oct

MUMBAI: Sony MAX, a Hindi movies channel from Sony Pictures Networks, is  bringing the epic saga from the Kingdom of Mahishmati, Baahubali 2: The conclusion. Directed by the showman of southern India movies, S.S. Rajamouli, this extravagant heroic tale of Baahubali will be premiering on Sony MAX...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/04/Eros.jpg?itok=MIhHrrc2
Eros seeks to protect stakeholder interest, files case against US short-sellers

MUMBAI: Eros International Plc has filed a lawsuit in New York County Supreme Court against Mangrove Partners, Manuel P. Asensio, GeoInvesting, LLC, and numerous other individuals and entities.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/03/Judwaa_2.jpg?itok=N4IPTHg_
Judwaa 2 hopes to entertain

*Judwaa 2 came after a long gap that was filled by mediocre and non-entertaining films. There were no films in the last few months which could draw out the families from home to watch a film. Two weeks before Diwali was not the right time to release a film but, to counter that, there was also a...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/30/Judwaa_2.jpg?itok=RqiAwhEs
Judwaa 2….Rides on long weekend

Ideas are in short-supply. Shortcuts are the norm. And, as a producer of repute, if you are getting a package deal to make some quick money, why not?

Movies Hindi

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories