Movies

Cinemax plans Rs 1 billion push for 50 screens in FY'10

MUMBAI: Cinemax India plans to invest between Rs 800 million and Rs 1 billion to roll out 50 screens in the current fiscal as it paces up to create a footprint across India.

The company‘s ambitious three-year plan is to add 300 screens over a period of three years, up from its current 74 screens across 25 properties. The company will need to raise funds for its expansion, the process of which will start in the second quarter of this fiscal.


Says Cinemax senior vice president Devang Sampat, "The screens will be launched on a pan India basis and will include places like Pune, Baroda, Bangalore, Ahmedabad and Mumbai. While 28 screens are already set out, 22 will be set up very soon."


The ongoing producer-multiplex tussle has had its effect on the revenue earnings of various multiplex operators. Cinemax, however, will be somewhat cushioned as most of its screens are scattered across Maharashtra where it could showcase successful Marathi films like Mi Shivajiraje Bhonsale Boltoi, Tu Maza Jeev, Bokya Satbande and Gallit Gondhal Dillit Mujra at a time when multiplexes were choked of Bollywood content.


Cinemax expects to touch a turnover of Rs 2 billion in FY‘10 despite a possible weak first quarter. The company posted a revenue of Rs 1.45 billion and a net profit of Rs 110.5 million for the fiscal ended 31 March 2009.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/20/coffie-with-d%20%281%29.jpg?itok=jKgzDLTC
Coffee With D....Funny man fails to garner TRPs!

Making films on fugitives and terrorists from across the border has been attempted a few times but such films have never been able to convince the moviegoer because this is some fiction that seems totally implausible.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/19/newton%20%281%29.jpg?itok=0uLaSCf2
Rajkummar Rao's Newton to make world premiere at Berlin Festival

The New Year is beginning on a high note for Drishyam Films, the makers of much loved films such as Masaan, Dhanak and Waiting. Their latest film Amit V Masurkar’s Newton is all set to make its World Premiere at the Berlin International Film Festival, one of the world's most prestigious film...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/19/Rudrarup%20Datta-800x800.jpg?itok=cCB1M-48
xXx India blitz cost Viacom 18 over Rs 10 crore

MUMBAI: Have you wondered if a Hollywood movie could have its maiden release in India? It's rare and exceptional. What it takes to be that big? Is it a large-scale promotion or a marketing stunt? It's a not a stunt but the right marketing strategy that can make a film as big as a grand award...

Movies Hollywood
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/18/raees.jpg?itok=Zn11iydU
Bleeding Pak theatres may become 'Raees' again

MUMBAI: Four months after Pakistan stopped screening Hindi films in its cinemas responding to Bollywood's unofficial ban on Pakistani artistes following the Uri attack, Pakistan is again attempting to allow screening as theatre-owners are bleeding financially.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/16/dangal.jpg?itok=SVTwJuie
Weak films fall by Dangal-side

The exhibition sector felt some relief with a blockbuster in Dangal after a long gap to help them sustain the cinemas, the vacuum faces them again as the two new movies, OK Jaanu and Haraamkhor, failed to bring in even the initial audience or, for that matter, even the compulsive first day or first...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/14/OK-Jaanu.jpg?itok=77K9Fqst
OK Jaanu: ...Live-in romance replayed!

OK Jaanu is a contemporary love story which eventually settles about halfway between modern-day relationships traditions while conveying the eternal belief that love always triumphs. These kinds of films are made now and again but a love story is a love story and usually has its own appeal if...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/13/xxx-800x800.jpg?itok=ktebzkWf
Viacom18 starts NY with 'xXx: Return of Xander Cage' premiere

Starting the year on a promising note Viacom18 is proud to present xXx: Return of Xander Cage to the audience in India. After wowing viewers in Mexico and London as part of the global domination tour, megastar Vin Diesel visited India for the premiere along with his co-star, Bollywood beauty...

Movies Hollywood
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/12/Sunil-lulla-800x800.jpg?itok=6Xn_dYi6
'17-18: Eros Media to produce 50 films in multiple languages

MUMBAI: Eros International Plc, a leading global company in the Indian film entertainment industry, has announced that its majority-owned subsidiary, Eros International Media Limited, released its film production lineup for 2017-18.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/01/12/Force-2.jpg?itok=3Vgc5reZ
'Force 2' piracy: Viacom18 registers FIR; KSS blames it on a theatre

MUMBAI: The Cyber Crime Investigation Cell, BKC, Mumbai, has registered an FIR against K Sera Sera Digital Cinema Ltd (K Sera Sera) upon a complaint filed by Viacom18 in relation to online piracy of its film ‘Force-2’.

Movies Hindi

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories