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MUMBAI: Multiplexes have taken a Rs 1.42 billion hit since producers have choked
supply of their new Hindi movies from 4 April, according to Indiantelevision.com
estimates.
The hole in the pockets of plex owners has grown bigger as average occupancy rates
have dipped to 11 per cent. For the first 15 days of the blackout phase, the average
occupancy was 15 per cent.
Among the national chain multiplex operators, Reliance ADAG's Big Cinemas has
been cushioned somewhat with its wide presence in the southern region where the
row has not erupted yet. The company's south Indian spread amounts to 23 per cent
of its total base of 201 screens, with properties sprinkled across Mangalore,
Pondicherry, Tenali, Thanjavore, Vellore, Madurai, Salem, Warangal, Sivakasi,.Belgaum,
Coimbatore and Hyderabad. "No
other national cinema chain in the country can boast of having such eclectic presence
in the south. The southern markets have been performing handsomely with people
relishing local content. With a large presence in the south, we have managed to
counter losses faced elsewhere in the country," says Big Cinemas COO Tushar
Dhingra. In
the other prominent multiplex chains like Inox, PVR, Fun, Fame and Cinemax, the
number of screens are strongly skewed towards the northern and western parts of
the country. These chains have, thus, not been able to capitalise on the boom
in the southern markets. "The
absence of Hindi movies has only upped the occupancy rates for regional movies,"
says Dhingra. PVR's
properties in Bangalore and Hyderabad contribute to 14 of their 108 screens in
the country. While PVR in Hyderabad is flush with Telugu movies, PVR Bangalore
is riding on an entire mix: movies in Tamil, Telugu, Kannada and English. However
its number of screens in the south stands at only about 13 per cent of its total
screens. Inox's presence in the south, too, comprises properties only
in Bangalore and Chennai and account for only about 10 per cent of their total
number of screens. Fun Cinemas also has a thin presence in the south with properties
in Hyderabad and Bangalore. Fame's
southern presence consists of one property in Bangalore while Cinemax is yet to
open its account in the south. "Multiplexes
are under pressure to source alternate content and the lineup of aging Hollywood
movies and regional and Hindi releases from lesser known producers haven't worked
to bring in audiences," says a film producer on condition of anonymity. |