INSUBCONTINENT EXCLUSIVE:
The Maharashtra government has allowed cinema halls, multiplexes as well as drama theatres to operate with a 50 per cent seating
capacity.The shares of PVR have so far surged over 60 per cent from their lows in May this year
Inox Leisure shares too showed a similar pattern this year
The reopening of multiplexes will only see 50 or less people gathering at once
According to reports, PVR reopened around 577 screens in 16 states and UTs with the 50 per cent cap on the occupancy, which is likely to
stay in effect during whole of Q3 as per management
The initial occupancy has been marginal at around 4-5 per cent as some old films were being screened everywhere except West Bengal.Research
and brokerage firm Motilal Oswal Financial Services stated that the recent shift in movies to OTT platforms and their increased viewership
raise concerns regarding the sharp competition from the OTT medium
However, multiplexes are expected to resume operations with a fixed exclusive window of movie viewing in cinemas and a healthy flow of movie
