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Tag: Brahmastra

  • Inox Leisure sees best quarterly performance in Q1 FY23; revenue up by 19 per cent

    Inox Leisure sees best quarterly performance in Q1 FY23; revenue up by 19 per cent

    Mumbai: Inox Leisure on Wednesday announced its first quarter results for financial year 2023. The company reported its best quarterly performance with revenue at Rs 589 crore up by 19 per cent year-on-year (YoY). It reported earnings before interest, tax, depreciation and amortisation (EBIDTA) at Rs 130 crore up by 41 per cent YoY and profit after tax (PAT) of Rs 74 crore soar by 80 per cent YoY.

    The company’s average ticket price (ATP) peaked at Rs 229 up by 16 per cent YoY and spends per head (SPH) stood at Rs 96 up by 19 per cent YoY.

    Inox reported its highest food and beverage (F&B) revenue at Rs 164 crore. It added three new properties and 17 screens during the quarter. The company also rolled out a merchandise business so fans can buy products from their favourite super hero or movie franchises.

    “After facing a severe impact on business due to the pandemic in the last two years, the company reported its best quarterly performance across majority metrics on the back of tent poles that resonated with Indian audience, duly complemented by their huge pent-up appetite,” said the statement.

    The April-May-June quarter saw the release of blockbusters like “RRR”, “KGF: Chapter 2”, “Vikram”, “Bhool Bhulaiya 2” and “Doctor Strange In The Multiverse of Madness” resulting in footfall of upto 18.4 million guests in Inox properties.

    Inox expects great turnaround in the business going forward with the content line-up in the upcoming quarter with releases like “Laal Singh Chaddha”, “Raksha Bandhan”, “Liger”, “Brahmastra” and “Vikram Vedha”.

    Inox Group director Siddharth Jain said, “During the entire stretch of the pandemic, something which kept us hold the fort, was the belief in ourselves, our passionate moviegoers, our stakeholders and our teams. From enabling us to see through the pandemic, to charting our path out of it, this belief has driven us towards this historical & miraculous performance in Q1.”

    He further added, “While our best-ever quarter marks a moment of rejoice, we will also ensure that it keeps inspiring us to raise the bar, while maintaining a strong focus on customer-centricity, innovativeness and profitability. We are committed to stay ahead of the curve, and keep delighting our stakeholders with such magical performances. We could not have asked for a bigger celebration on completion of 20 glorious years of our company’s operations.”

  • PVR’s Q1 consolidated revenue up to Rs 1,002 crore

    PVR’s Q1 consolidated revenue up to Rs 1,002 crore

    Mumbai: Multiplex operator PVR has announced its unaudited standalone and consolidated financial results for the first quarter ended 30 June 2022.

    Consolidated revenue, Ebitda and PAT were Rs 1,002 crore, Rs 362 crore and Rs 53 crore, respectively, as compared to Rs 93 crore, Rs 58 crore and Rs 220 crore for the corresponding quarter in FY ’22. After adjusting for the impact of IND-AS 116-Leases, the consolidated revenue, Ebitda, and PAT of the company were Rs 1,000 crore, Rs 208 crore, and Rs 68 crore, respectively, as compared to Rs 71 crore, Rs 110 crore, and Rs 142 crore for Q1 FY’22.

    This quarter was the best ever quarter in PVR’s history in terms of revenue, Ebitda, and PAT. The company recorded the highest ever ATP of Rs 250 for the quarter on the back of global and local tent poles that resonated with the Indian audience. The quarter was marked by the release of some of the biggest domestic hits like “KGF: Chapter 2,” “RRR,” “Vikram,” “Bhool Bhulaiya 2” and Hollywood tentpoles like “Doctor Strange” and “Top Gun: Maverick,” which PVR said performed exceedingly well at the box office. “KGF 2” went on to become the second largest blockbuster in the Indian market. It was the highest grosser ever for PVR, with a net box office of Rs 121 crore across its cinema circuit.

    PVR added that its team’s consistent work on F&B resulted in the highest ever average F&B spend per head (SPH) of Rs 134 being reported during the quarter, reflecting a growth of 32 per cent over pre-pandemic levels. The company has recorded the highest monthly average F&B revenue of Rs.100+ crore during the quarter.

    But the growth in ad revenue continues to lag. The company has reported advertising income of Rs 63 crore, which is 32 per cent lower than the pre-pandemic figures. Or in other words, it reflects a 68 per cent recovery in ad income vis-à-vis pre-pandemic levels.

    On the back of significant growth in ATP and SPH and a significant recovery in admissions, the Ebitda margins for the quarter were 20.8 per cent.

    The company said that the content pipeline for 2022 in the months ahead looks extremely robust. Over the next few months, it has several big-budget Bollywood movies lined up for release, like “Shamshera,” “Laal Singh Chaddha,” “Brahmastra,” “Vikram Vedha,” “Ram Setu,” “Phone Bhoot,” “Yodha,” “Drishyam 2,” “Cirkus,” “Kabhi Eid Kabhi Diwali,” etc.. “Bullet Train,” “Paws of Fury,” “DC League of Super Pets,” “Black Adam,” “Black Panther: Wakanda Forever (Marvel),” and “Avatar: The Way of Water” are among the films from Hollywood. From the regional genre, we have “Vikrant Rona,” “Liger,” “Godfather,” “Ponniyin Selvan.”

    The company has revived its capex plans in a significant manner and is on track to open a total of 125 new screens during FY’23. It has opened 14 screens across 3 properties till date. About one-third of the new screen additions in this fiscal year will be in tier 2 and 3 cities. The company plans to enter nine new cities during the year.

    The announced merger with Inox Leisure is progressing well. Both the companies have received “No Objection Certificates” from the two stock exchanges (BSE and NSE) on the proposed scheme of merger. We are on track to submit our application for the approval of the scheme of merger before the National Company Law Tribunal (NCLT) in the next couple of weeks.

    PVR chairman and MD Ajay Bijli said, “This quarter’s results are a reflection of the strength of the domestic film industry we have in India and the consumer’s unsatiated appetite to watch films on the big screen. The Indian exhibition industry has been one of the fastest to recover as compared to other international markets. The content line-up for the year ahead looks very promising, and we hope this will be a very strong box office year for the Indian exhibitors. As we celebrate the silver jubilee for PVR this year, we are extremely confident that we will continue to set and exceed even greater benchmarks in the years to come.”

  • Upcoming Bollywood Movies we are excited about in 2019

    Upcoming Bollywood Movies we are excited about in 2019

    First half of 2019 saw some amazing movies like Gully Boy, Total Dhamaal and Bharat, But the later half of the year is sure to be more exciting with some really big budget Bollywood films set to release. The upcoming movies that we are really excited about in 2019 and early 2020 are…

    Student Of The Year 2

    Student of the year 2 is the sequel of the 2012 film, Student Of The Year which was the debut movie for some of the finest actors in Bollywood that is Varun Dhawan, Alia Bhatt and Sidharth Malhotra. The sequel of the franchise is set to star Tiger Shroff, Ananya Panday and Tara Sutaria in the lead role. The film is being produced by Karan Johar, Hiroo Yash Johar and Apoorva Mehta under the banner Dharma Productions. The film is being directed by Punit Malhotra, who is best known for his films I Hate Luv Storys and Gori Tere Pyaar Mein. Student of the year 2 will be the Bollywood debut for Ananya Panday and Tara Sutaria. The film was earlier set to release in May, but the release has now been postponed to later half of 2019.

    Brahmastra

    Brahmastra is an upcoming Bollywood superhero film written and directed by Ayan Mukerji, and produced by Karan Johar. The film is set to star veteran superstar Amitabh Bachan and popular actors Ranbir Kapoor and Alia Bhatt. The film is also said to star south superstar Akkineni Nagarjuna. In one of his interviews Karan Johar the producer of the movie said that Brahmastra is part one of a three-part trilogy which will be completed over a span of 10 years. The film is set to release on 20 December 2019. 

    Super 30

    Super 30 is a biographical film directed by Anurag Kashyap and is based on the life of Anand Kumar, a mathematics genius from Bihar. The movie depicts his journey of starting a training program that is aimed at helping IIT aspirants crack the entrance test. The film stars popular Bollywood actors like Pankaj Tripathi and Hrithik Roshan who is one of the richest Bollywood actors by net worth. The film is set to release on 12 July 2019. The film is produced by Anurag Kashyap, Sajid Nadiadwala, Vikramaditya Motwane.

    Arjun Patiala

    Arjun Patiala is a romantic comedy movie starring Diljit Dosanjh, Kriti Sanon and Varun Sharma. In the film Diljit Dosanjh and Varun Sharma are known to play the role of small town cops and Kriti Sanon will be seen as a crime journalist. She is also known to enjoy eating some spicy indian dishes.The film is directed by Rohit Jugraj Chauhan. Rohit has earlier worked as an assistant director to Sanjay Leela Bhansali and Ram Gopal Varma. The film is set to release on 26 July 2019.

    Street Dancer 

    Street Dancer is an upcoming Bollywood dance movie which is said to be the third part in the ABCD dance movie series. The film stars Varun Dhawan, Prabhu Deva, Nora Fatehi and Shraddha Kapoor. We are sure the dance routines in the movie will be as amazing as those in the prequels. The film is produced by Bhushan Kumar under the banner of T-Series and is Directed by Remo D'Souza. The film is set to release on 24 January 2020.

  • Rishtey Cineplex, Rishtey renamed as Colors Cineplex, Colors Rishtey

    Rishtey Cineplex, Rishtey renamed as Colors Cineplex, Colors Rishtey

    MUMBAI: Harnessing the power of brand Colors, Viacom18 has brought its 24-hour Hindi movie channel, Rishtey Cineplex and the Hindi general entertainment channel, Rishtey under the Colors umbrella. Assuming their new identities 1 March onwards, the channels will be known as Colors Cineplex and Colors Rishtey respectively. Amped up with new content, the channels will be establishing themselves as premium urban entertainment destinations available on a pay model.

    After having positioned itself as the #1 mass Hindi movie channel,  Colors Cinpelex in its reinvigorated avatar will woo the viewers with its powerful line-up of blockbuster films and content-around-content formats. Colors   Rishtey on the other hand, will showcase recent and popular shows from  Colors’ vast content library, like Naagin Season3, Dance Deewane, Bigg Boss, Madhubala along with newly introduced original series like Navrangi Re! and Hum Saaf Saaf Hai.

    Speaking about the new identity of the channels, said Nina Elavia Jaipuria, Head – Hindi Mass Entertainment & Kids TV Network, Viacom18, “The idea is to expand the aegis of brand  Colors   and strengthen Viacom18’s Hindi Mass Entertainment portfolio drawing in more synergies. Colors has established itself as a household brand in just a decade and it was a logical move to consolidate the mass entertainment channels under its iconic clout.”

    “The new identity of the channels with golden hues and the archetype petal will convey the continuing evolution and growth of our business while also fortifying our bond with the viewers of the Colors Family. So far, the trend and consumption on both the channels have been extremely encouraging and now with the scaled-up movie library along with its premium positioning, we are confident of breaking new ground,” she further added.

    Colors Cineplex has acquired the most anticipated films of the year like, Brahmastra, Student of the Year 2, RAW, Drive, The Body, Thackeray, Fraud Saiyaan and many more. The line-up also includes Hindi dubbed version of blockbuster regional films like Mani Ratnam’s Chekka Chivantha Vaanam(Tamil), Kadaikutty Singam(Tamil), Kavacham(Telugu), Junga(Tamil), Charlie Chaplin(Tamil) and Seetharam Kalyana (Kannada). The existing library also contains compelling films like Padmaavat, Bajirao Mastani, Andhadhun, Kabhi Khushi Kabhie Gham, Kuch Kuch Hota Hai, Ae Dil Hai Mushkil, Om Shanti Om, Main Hoon Na, Badrinath Ki Dulhania, Gabbar is Back, Yamla Pagla Deewana 2, Special Chabbis, Airlift, Rangoon, Force 2, R…Rajkumar, Ajab Prem Ki Ghazab Kahani,  Kapoor and Sons, Ki & Ka, Pyaar Ka Punchnama 2, Bazaar amongst others.

    Apart from the morning, matinee, prime-time and weekend line-up of impressive Hindi films and hot-selling South Indian dubbed content,  Colors Cineplex will showcase byte-sized content  like, ‘Teetar mausi’ – a gossip section that will spill the beans on celebrities; ‘Dialoguebaazi’, where popular dialogues from various films will be mashed up using animated kinetic typography. In addition to this there will be vignettes of various film festivals, behind the scene trivia and coverage of exclusive RedCarpet extravaganzas amongst many other interesting concepts.