Tag: Black Adam

  • Prime Video to bring crime and mystery series ‘Cross’

    Prime Video to bring crime and mystery series ‘Cross’

    Mumbai: Amazon Studios has announced that it has ordered Cross for a series. From Paramount Television Studios and Skydance Television, Cross is being positioned as a complex, twisted, pulse-pounding thriller created by producer and writer Ben Watkins, based on the worldwide best-selling “Alex Cross” book series by James Patterson.

    “Alex Cross” is a detective and forensic psychologist, uniquely capable of digging into the psyches of killers and their victims in order to identify—and ultimately capture—the murderers. Aldis Hodge (Black Adam, City On A Hill, One Night In Miami...) will play the titular character and also serve as a producer on the series. Cross will premiere on Prime Video in more than 240 countries and territories worldwide.

    “Alex Cross” is brilliant, flawed, and full of contradictions. A doting father and family man, Cross is single-minded to the point of obsession when he hunts killers. He is desperate for love, but his wife’s murder has left him too damaged to receive it.

    “James Patterson is among the best at captivating audiences with his undeniably enthralling novels, and we are confident that with Ben Watkins’ artistic vision, Cross will do the same for our global customers. We are proud to work with James and Ben alongside Paramount Television, Skydance, and the extremely talented Aldis Hodge, who we know will do an exceptional job of bringing Alex Cross to life,” said Amazon Studios head of global television Vernon Sanders.

  • Inox reports 2Q loss of Rs 22 crore

    Inox reports 2Q loss of Rs 22 crore

    Mumbai: Hit by the poor performance of Bollywood, multiplex operator Inox Leisure has reported a second quarter 2023 fiscal loss of Rs 22 crore compared with a profit after tax of Rs 51 crore in the same period of the 2020 fiscal. When compared to the same period in the 2020 fiscal, Ebitda (earnings before interest, taxes, depreciation, and amortisation) fell by 97 percent to three crore rupees.

    Revenue dropped by 27 per cent to Rs 381 crore. While the spending per head went up by 29 per cent, the number of footfalls went down by 39 per cent. Occupancy was down by 13 per cent. The average ticket price rose by 10 per cent. Inox said that the 2021 and 2022 fiscals were hit by the pandemic, and therefore it has taken the 2020 fiscal as a comparison.

    Inox had a net profit of Rs 57.09 crore in the first quarter of the 2023 fiscal. Revenue from operations was Rs 582.26 crore in the first quarter of the 2023 fiscal.

    For the first half of the 2023 fiscal, profit after tax declined by 43 per cent to Rs 53 crore compared to the same period in the 2020 fiscal. Ebitda fell by 33 per cent to Rs 134 crore. Revenue fell marginally by five per cent to Rs 970 crore.

    The company said that it expects a great turnaround in the business going forward thanks to a content lineup in the upcoming quarters with releases like Ram Setu, Thank God, Drishyam 2, Bhedia, Phone Bhoot, Cirkus, Black Adam, Black Panther: Wakanda Forever, and Avatar: The Way of Water, complimented with consumer-centric innovations. The company added 30 screens in the first half of the fiscal, which it said was the highest screen addition in the industry. The company added two new properties with 13 screens in the second quarter; a 10-screen Inox Megaplex at Emerald Mall, Lucknow and a three-screen multiplex in Srinagar. Inox revived cinema in Kashmir after a gap of 32 years with the launch of the first multiplex in Srinagar. The three-screen cinema brings the contemporary giant-screen movie watching experience back to the region.

    Furthermore, the company plans to add 11 properties and 47 screens in FY23.

    The company reported its best ever quarterly SPH, which was largely driven by the rigorous efforts around F&B. Critical additions to the menu, introduction of seasonal specialties, timely and result-oriented marketing initiatives, interactive culinary sessions and workshops and numerous process innovations have led to a solid recovery on the F&B revenues.

    Inox Leisure director Siddharth Jain said, “Pandemic has taught us to remain battle-fit and come up with answers to difficult situations. The second quarter of FY23 was impacted by the inconsistency in the content value chain, proving the importance of great quality content yet again. We are delighted with our promising performance on the F&B front, with our highest ever quarterly spend per head. Our foray into Kashmir with the region’s first multiplex marked the revival of cinemas in the valley, and we are quite upbeat about this historic launch, which underlines our desire to entertain India across its length and breadth. The spectacular content pipeline, the festive fervour and our consistent rigour will certainly mark a celebratory third quarter for us.”