Movies

Multiplex strike scripts Adlabs' Q1 net loss

MUMBAI: Put to financial stress by the row with film producers, multiplex operators have posted dismal first-quarter performances. With PricewaterhouseCoopers estimating the total loss of the Indian cinema industry during the strike period - which consumed 80 per cent of the quarter - at Rs 3.5 billion, the listed multiplex companies are slipping into the red.

After Cinemax, which suffered a net loss of Rs 5.8 million for the quarter ended 30 June, the next to feel the pinch is Adlabs Films.


The Reliance ADAG company has posted a consolidated net loss of Rs 636.96 million for the quarter ended 30 June, as against a net profit of Rs 23.24 million a year ago.


The company has clarified that this quarter is not comparable with "any period" on account of the deadlock between the producers, distributors and exhibitors on several issues "due to which there were no new Hindi movie releases for 80 per cent period of the quarter."


Consolidated net revenue stood at Rs 1.05 billion, down 54.23 per cent. The company also posted negative EBITDA from operations at Rs 90 million for the quarter under review.


Adlabs curtailed its expenses by 34.78 per cent to Rs 1.48 billion, down from Rs 2.27 billion in the prior-year quarter.


Theatrical exhibition business suffered the worst blow with operating loss standing at Rs 298.88, compared to an operating profit of Rs 8.47 million in the first quarter of FY‘09. Revenue from this segment was Rs 708.73 million, down from Rs 776.86 million. The capital deployed in the segment is Rs 10.32 billion.


The film production and distribution segment took a hit in operating profit as it reduced to Rs 12.80 million, from Rs 109.16 million in the same quarter of the previous fiscal. Revenue dipped to Rs 70.81 million (from Rs 693.02 million).


In the film facilities business, operating profit declined to Rs 15.08 million, from Rs 100.46 in the prior year, due to paucity of film releases. The revenue in the segment fell marginally to Rs 288.89 million, as against Rs 299.09 million in the year-ago period. The segment employed a capital of Rs 3.33 billion.


Buoyed by a sharp recovery in July with movie screenings returning, Adlabs expects the momentum to continue for the rest of the fiscal. Says Adlabs CEO Anil Arjun, "It is very encouraging that movies released thereafter (post strike) have seen a strong box office. The line-up of movies for the remaining year is strong and we except the performance of July to be maintained through the year. Adlabs has made strategic investments and scaled up business operations. We expect to benefit from the strong momentum in the film and media industry."

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/05/kahaani-2-800x800_0.jpg?itok=2rm8IB0e
A silver lining among damp squibs

Kahaani 2, a sequel to Kahaani (2012), turned out to be only an attempt to cash in on the earlier film. The film has nothing to do with the previous film and, even the character of the protagonist, Vidya Balan, is quite contrary to the original where she was a gutsy fighter on a mission while here...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/02/fax-800x800.jpg?itok=jTkCFrnA
Sony Le Plex HD to premiere Foxcatcher in India

“A coach is a father. Coach is a mentor. Coach has great power on an athlete’s life,” says John Du Pont, the coach of team Foxcatcher.

Movies Hollywood
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/02/kahaani-2-800x800_0.jpg?itok=vi8AEWx6
Kahaani 2: Durga Rani Singh......Predictable story

Sequel is a misnomer for films using a similar or the same title as an older film including, surprisingly, not always successful ones. The use of an old title and, if possible, the protagonist from the earlier film seem to suffice. In Kahaani 2: Durga Rani Singh, the common factor as in Kahaani (...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/02/dashing.jpg?itok=0yAM4SrU
Zee Classic to air Dharmendra movies from 5-9 December

MUMBAI: The he-man's fans are in for a sweet surprise next week.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/01/Transformers.jpg?itok=PLJ3sgAf
&pictures to premiere 'Transformers: Age of Extinction' on 2 December

MUMBAI: Enviable structures, remarkable visual effects and electrifying action sequences- The iconic Transformers series has never failed to flabbergast the viewers. To flavor up your weekend, &pictures, Naye India Ka Blockbuster Movie Channel is all set to premiere the blockbuster film...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/11/30/rajkumar-800x800.jpg?itok=UiPHalmO
CineAsia to honour Akella; feature Shyamalan's 'Split'

The Motion Picture Association Asia-Pacific Copyright Educator Award will be bestowed on comScore India managing director, theatrical, Rajkumar Akella, at CineAsia in Hong Kong. comScore which is an American media measurement and analytics company providing marketing data and analytics to many of...

Movies Hollywood
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/11/29/Dear%20Zindagi.jpg?itok=t5N1hFIl
Star power fades away, collections crumble

*Writer-director Gauri Shinde followed her success of English Vinglish with Dear Zindagi. To her advantage, she had the reigning star, Shah Rukh Khan, along with an emerging star, Alia Bhatt, to boast of in the cast.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/11/28/robot-800x800.jpg?itok=ajjH6ifG
Leading Korean filmmaker impressed by Rajini 'Robot'; keen to co-produce with India

Critically-acclaimed Korean filmmaker Kim Jee-Woon, whose action thriller 'The Age of Shadows’ is the Closing Film for the International Film Festival of India, said it would “surely be great” to incorporate elements of cinema from both countries into each other’s films.

Movies Regional
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/11/26/SonyMax.jpg?itok=yeelQmkG
Sony Max brings 'No Talkies Nautanki Returns' for media agencies

MUMBAI: Sony Max gave Bollywood enthusiasts a reason to rejoice as it kick-started the third season of its flagship event, No Talkies Nataunki Returns. Organised exclusively for media agencies, this property is an absolute treat for movie buffs as it provides them an opportunity to participate in...

Movies Hindi

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories