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Two Leading Multiplex Chains Aiming to Capture Indian Market?
By: Tupaki Desk | 8 March 2022 6:01 AM GMT
Are We going to see two of the leading multiplex chains enjoy a duopoly in the theatre industry? In a short time can we hear the news? Well, the piece of news that is doing rounds says the same. If this happens, the major share of the business will be held by the two chains that are coming together.
A popular firm that carries out news on business-related issues and developments has claimed that multiplex chain PVR and Mexican origin Cinépolis chain are holding talks for a possible merging. The talks between the two chains are going on at a level that the chains might announce the merging very soon.
Both chains are among the leading multiplexes in the country and they have branches in all the major cities and towns. If the talks go as planned and any positive outcome comes, then the two chains would almost rule the industry, given the number of screens they own.
PVR, which had entered the Indian multiplex market way before Cinépolis did, owns as many as 846 screens while Cinépolis runs 417 screens across the country. Jointly, the number of screens will go up to over 1,200 which is a big number as the multiplex count in India is less compared to the west.
With two leading players coming together, everyone is interested to know how the merger will work and who gets to get the upper hand. But the outlet said that no multiplex chain will get an extra advantage. While One chain gets to manage the screens that fall under the merger, the other one will get a good percentage of stake.
The new development will work very well for the industry as the collections will go even further with the ticket prices being high. On the other hand, common people with less income cannot even think of visiting the multiplexes. Even now, middle-class people stay away from the multiplexes looking at the ticket fares. If food cost is included, they will see stars in daylight.
While a lot of being said on two chains thinking on having a possible merging, the two chains did not say a word. Probably, they might have thought that unless the talks get fruitful, they should not speak on the issue.
A popular firm that carries out news on business-related issues and developments has claimed that multiplex chain PVR and Mexican origin Cinépolis chain are holding talks for a possible merging. The talks between the two chains are going on at a level that the chains might announce the merging very soon.
Both chains are among the leading multiplexes in the country and they have branches in all the major cities and towns. If the talks go as planned and any positive outcome comes, then the two chains would almost rule the industry, given the number of screens they own.
PVR, which had entered the Indian multiplex market way before Cinépolis did, owns as many as 846 screens while Cinépolis runs 417 screens across the country. Jointly, the number of screens will go up to over 1,200 which is a big number as the multiplex count in India is less compared to the west.
With two leading players coming together, everyone is interested to know how the merger will work and who gets to get the upper hand. But the outlet said that no multiplex chain will get an extra advantage. While One chain gets to manage the screens that fall under the merger, the other one will get a good percentage of stake.
The new development will work very well for the industry as the collections will go even further with the ticket prices being high. On the other hand, common people with less income cannot even think of visiting the multiplexes. Even now, middle-class people stay away from the multiplexes looking at the ticket fares. If food cost is included, they will see stars in daylight.
While a lot of being said on two chains thinking on having a possible merging, the two chains did not say a word. Probably, they might have thought that unless the talks get fruitful, they should not speak on the issue.
