PVR Cinemas forays into Pune


: Plaza Centers India, a developer of shopping and entertainment centres, has entered into a strategic alliance with PVR Cinemas to become its multiplex partner. The venture will mark PVR‘s foray in the city.The 400,000 sq ft Koregaon Park Plaza that involves an investment of Rs 500 crore will have a total of 14 lifts and staircases along with three levels of underground parking capable to accommodate 1,100 cars and 950 two wheelers. The new mall will also have an entertainment zone including a world-class bowling alley and a dining area for over 500 people.

Said Plaza Centers president and CEO Ran Shtarkman, "We are proud to launch our first venture in Pune, which will cater to local flavour with international standards and hope to be completely functional by 2011. We plan to follow it up with more such state-of-the-art malls in the country."

He added that the company planned to invest a total of Rs 3,000 crore in India over the next three years. The company has identified Hyderabad, Cochin, Chennai and Bangalore for their future ventures.

Avered PVR Cinemas Group President Pramod Kumar Arora, "We are extremely delighted by this alliance. Our association with Plaza Centers is based on modern facilities and infrastructure. We will offer six screens and 1500 plus seats."

PVR Cinemas, which pioneered the multiplex revolution in India with an 11-screen complex, operates 26 cinemas with a total 108 screens in Delhi, Faridabad, Gurgaon, Ludhiana, Ghaziabad, Mumbai, Bangalore, Hyderabad, Lucknow, Indore, Aurangabad , Baroda and Latur.

Plaza Centers,India is an indirect subsidiary of an Israeli company- Elbit Imaging Ltd that is listed on the Tel Aviv Stock Exchange and Nasdaq.

Latest Reads
Zee Studios International's Secret Superstar hits it big in Taiwan

Zee Studios International has collected $700,681 from its release of Aamir Khan-starrer Secret Superstar in Taiwan, making the movie the widest Bollywood film in the country. The film, which also features Zaira Wasim, lit up the box office in India. The distribution company began the next phase of...

Movies Hindi
Zee Studio to premiere the post-apocalyptic horror drama - MAGGIE!

Zee Studio, the hollywood movie destination, brings the Indian television premiere of Maggie. Starring multi-award winner Arnold Schwarzenegger and Academy Award-nominee, Abigail Breslin, this post-apocalyptic drama premieres on 10 December 2017, Sunday at 12 noon and 9 pm.

Movies Hollywood
Demonetisation, decline in govt ads impact UFO Q2 numbers

BENGALURU: Indian digital cinema distribution network and in-cinema advertising platform UFO Moviez Ltd (UFO) reported a 12.8 percent year-on-year (y-o-y) decline in consolidated operating revenue for the quarter ended 30 September 2017 (Q2 FY 2017-18) as compared with the corresponding year ago...

Movies Movies On Mutiple Platforms
The modern day economics of film financing

Only 2 per cent of the total movies released in 2016 in the US were computer graphic (CG) animation, yet they grossed more than 21 per cent of the US box office collection. Strong animation brands have longer shelf-life and generate revenue for years.

Movies International
Bengali film Posto to premiere on Hoichoi before satellite TV

NEW DELHI: Digital Bengali entertainment content platform Hoichoi has acquired exclusive digital rights of this year’s most successful Bengali feature film Posto, ensuring it a world digital premiere today before a satellite TV premiere. This will provide Bengali moviemakers a robust additional...

Movies Regional
PVR acquires minority stake in US luxury theatre chain

PVR Ltd (PVR) will acquire a minority stake in US-based luxury restaurant and theatre iPic-Gold Class Entertainment (iPic).

Movies Hindi
Eros reports higher profit margin despite fewer releases

BENGALURU: Sunil Lulla-led Eros International Media Limited (Eros) reported 21 per cent margin (on operating income) for consolidated profit after tax (PAT) for the quarter ended 30 September 2017 (Q2 FY 2017-18) as compared with 12.8 per cent margin for the corresponding quarter a last ago. The...

Movies Hindi
Inox reports increase in revenue, profits for second quarter

BENGALURU: Indian cinema chain Inox Leisure Limited (Inox) has reported improved revenue and net profit after tax (PAT) for the quarter ended 30 September 2017 (Q2-18, current quarter) as compared to the corresponding quarter of the previous year (Q2-17, year ago quarter). Inox revenue from...

Movies Hindi
1700 films received on ending violence against women film contest

NEW DELHI: Around 1700 entries from over 600 colleges have come in response to a campaign launchged earlier this year for two-minute films on generating debate and promote positive change in cultural and social norms around the value of women in India. The campaign ‘#BasAbBahutHogaya – Enough is...

Movies Hindi

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories