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Multiplex giant PVR INOX announces 50 screens shut down in six months; Here’s why

PVR INOX also reported a net loss of Rs 333.35 crore for the quarter ended March 2023, which is against a net loss of Rs 105.49 crore in the last fiscal’s  same quarter.

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Multiplex giant PVR INOX

Country’s leading multiplex giant PVR INOX on Monday announced the shut down of its 50 cinema screens in the next six months period.

The multiplex operator which runs the largest chain of multiplex screens in India has taken this decision as the proposed cinemas to be shutdown have reached their stage of residual value and loss making.

On a statement issued by PVR INOX, it said the company has planned to shut down about 50 cinema screens over the period of next six months. The proposed cinema properties that are to be shut down are loss making or are located in such malls which have reached the end of their useful life and have no chances left for revival.

The company also said it has followed an accelerated deprecation method in its books and has written off the Written Down Value (WDV) of the assets.

The multiplex operator also announced that during the last fiscal year it opened 168 new screens (97 PVR screens & 71 INOX screens).

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Sharing its future plans, it  said it has targeted adding up 150-175 more screens in FY24, of which 9 screens have already been introduced and 15 more are awaiting license for commercial opening, and another 152 screens are under different stages of fit out.

PVR INOX also reported a net loss of Rs 333.35 crore for the quarter ended March 2023, which is against a net loss of Rs 105.49 crore in the last fiscal’s  same quarter. The company earned a profit of Rs 16.1 crore in the preceding December quarter.

Currently, the company operates 1,546 screens across 341 cinemas in 109 cities in India. In the last February the erstwhile rivals announced their merger.

Sanjeev Kumar Bijli, Exceutive Director of PVR INOX earlier said about the company’s plans on adding 180 screens in the upcoming fiscal year and the company is confident enough in the enhancement of the admission numbers claiming having a robust pipeline of content in English, Hindi and even in regional languages.

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Entertainment

Dhurandhar 2 bags massive OTT deal, likely to stream on JioHotstar after IPL 2026

Dhurandhar 2 lands a Rs 155 crore OTT deal with JioHotstar and may release after IPL 2026.

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Dhurandhar

The upcoming Bollywood film Dhurandhar 2 has reportedly secured a significant OTT deal, underlining its strong market buzz ahead of release. According to media reports, the film’s digital streaming rights have been acquired by JioHotstar for approximately Rs 155 crore.

The makers are expected to follow a strategic release plan, with the film likely to premiere on the platform after the conclusion of the Indian Premier League (IPL) 2026 season. JioHotstar also holds digital streaming rights for the tournament, and the post-IPL window is seen as an effort to retain audience engagement.

Reports suggest that the film could arrive on OTT in late May or early June 2026, depending on its theatrical release schedule and run. However, there is no official confirmation yet regarding the exact streaming date.

Industry observers note that the reported deal highlights the growing demand for big-ticket Hindi films among streaming platforms, especially those expected to draw strong audience interest.

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Ramayana teaser unveiled as Ranbir Kapoor appears as Rama in Nitesh Tiwari’s epic film

The teaser of Ramayana has been released, showing Ranbir Kapoor as Lord Rama. The film will release in two parts in 2026 and 2027.

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Ramayana Teaser

The teaser of Nitesh Tiwari’s upcoming film Ramayana has been released, offering the first glimpse of Ranbir Kapoor in the role of Lord Rama. The film, which is planned as a two-part cinematic project, is scheduled for a Diwali release later this year.

The teaser shows several key moments, including scenes from the coronation and the exile period in the forest of Panchavati. Ranbir Kapoor appears in the role of Rama with a calm and composed presence. The teaser also briefly shows Yash in the role of Ravan towards the end.

Ahead of the teaser launch, Alia Bhatt shared a video message on social media asking audiences to support the project and Ranbir Kapoor’s work on the film. In the video, she said the “Rama unit” video would be released and encouraged audiences to watch and support the film.

Budget and scale

Producer Namit Malhotra said the film has been in development for six to seven years and is being made on a large scale. According to him, the total budget for both parts is around $500 million, which is over Rs 4,000 crore combined.

He said the film is being made for a global audience and aims to present the epic on a large cinematic scale while remaining efficient in production.

Music collaboration

The film’s music is being composed through a collaboration between AR Rahman and Hans Zimmer. Rahman said working on a project based on such an iconic epic is challenging, as the team wants to present something new while respecting the importance of the story.

Release plan and cast

The film will be released in two parts. The first part is scheduled for a worldwide release in October 2026 ahead of Diwali, while the second part is planned for release during Diwali 2027.

Apart from Ranbir Kapoor, the film also stars Sai Pallavi, Sunny Deol, Ravi Dubey and Yash in important roles.

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Dhurandhar 2 box office collection day 7 crosses Rs 600 crore in India

Dhurandhar 2 continues its strong box office run, crossing Rs 600 crore in India and Rs 1000 crore worldwide within its first week.

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Dhurandhar 2 review

Ranveer Singh’s film Dhurandhar 2: The Revenge has crossed the Rs 600 crore mark at the India box office within seven days of its release, according to trade estimates. The film has maintained a strong run in both mass centres and urban markets during its first week.

As per trade figures, the film’s India net box office collection stands at around Rs 623 crore after seven days, while the gross domestic collection is estimated to be over Rs 740 crore. The film has also performed strongly in overseas markets, taking its international collection to more than Rs 250 crore. With this, the worldwide box office total has crossed Rs 1,000 crore within the first week of release, as per trade estimates.

Day-wise performance in India

The film opened strongly on March 19 with box office collections of over Rs 100 crore. The film continued to perform well over the next few days, collecting around Rs 80 crore on Day 2 and over Rs 110 crore on Day 3. Collections remained strong over the weekend, followed by an expected drop on weekdays. By Day 7, the film collected around Rs 47 crore, taking the total India net collection past Rs 600 crore.

Overseas performance and comparison

The film has also reported strong performance in overseas markets, particularly in the UK and other key international territories. With the worldwide collection crossing Rs 1,000 crore in the first week, the film is being compared to the fast global box office pace seen by Pushpa 2: The Rule in terms of early box office momentum, according to trade observers.

About the film

Dhurandhar 2: The Revenge is the sequel to the 2025 film Dhurandhar. The sequel features Ranveer Singh along with Arjun Rampal, R. Madhavan and Sanjay Dutt in key roles.

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