Tag: Inox Leisure

  • Challenge of crafting characters in Indian animation

    Challenge of crafting characters in Indian animation

    MUMBAI: For most animation producers and distributors, the art of creating content strategy and research is what’s keeping them up at night. But a few of them say that a formulaic approach should be rejected in this category.

    This topic was taken up at a panel discussion at the OTTv Kids and Animation summit – The challenge of crafting stories to groom, educate and entertain. On the stage were Ka Kha Gaa founder and animation screenwriter Vivek Shukla, children’s author, lyricist and screenwriter Pooja Lulla, Inox Leisure CMO and filmmaker Saurabh Verma, Sesame Workshop India head business development and marketing Mona Singh. The session was moderated by OTT and media platforms content and creative strategist Deepa Singh.

    A special keynote was given by Viacom18 SVP content head kids cluster Anu Sikka on the local IP creation journey of the Indian kids' entertainment category. She raised a point on the Indian animation segment lacking the quality of storytelling and animation when compared to what the world is producing. To this, Shukla said that we lack seriousness, not talent. “People don’t take our writers seriously. The other thing is what kids want and their psychology for characters to look like and be funny,” he said.

    Following the same, Verma explained that the business of content creation is so easy and hence it is difficult. “I pitch a lot of ideas and the person sitting on the other side has a fixed mind about a certain character that they want us to create for them. If we pitch stories like Doraemon and Shinchan, the over thinking of the studios and the platforms will never make the characters happen. So there has to be someone who should believe in our ideas. The other thing is, if the client doesn’t like any idea, we never get any feedback for the same as to why they didn’t like our idea,” he said.

    According to Verma, the other aspect of business in entertainment is film and TV. On the one hand, a film is a serious business to put in a lot of energy and on the other hand, TV is controlled by a lot of other people; every episode is controlled by TRPs.

    Talking about the basic requirements and the key factors to be taken into consideration, Lulla said that characters are crucial for the structure of the story. They take the story forward. Then what matters is the setting of the story. Also, the timing and location influence your character majorly. The message is also very important like Stan Lee conveyed the iconic message that with great power come great responsibility through Spiderman.

    Adding to this, Verma said that emphasis should be laid on purity of the character, not merchandising. “Christopher Nolan took up the flawed character of Batman and added vulnerabilities and emotion. We shouldn’t create characters based on researches. The whole system of research is flawed, to begin with. We should reject the formulaic approach,” he said.

    Furthermore, Mona Singh said that children learn best from the characters they relate to and the banters that they can understand. “So when you ask us, what are the key factors, then I would say we have Indian characters, but we are intentionally evolving our own characters because they are global citizens and have access to all kinds of content.”

    Lastly, the session was summed up saying that storytelling is not a problem, ROI and the mindset is a problem.  

  • Inox launches new four-screen multiplex in Rajasthan

    Inox launches new four-screen multiplex in Rajasthan

     

    MUMBAI: Inox Leisure Ltd has opened a new multiplex in Rajasthan comprising four screens with 750 seats.

     

    Inox commenced commercial operations of the multiplex taken on management contract basis, which is located at Genesis Mall of Bhiwadi in Rajasthan.

     

    Earlier this month, Inox also launched two multiplexes in Gujarat.

    With this, Inox along with Satyam Cineplexes, now has a presence in 55 cities with 101 multiplexes, 393 screens and a total seating capacity of 1,02,785 across India.

  • Inox acquires three multiplexes in Gujarat

    Inox acquires three multiplexes in Gujarat

    MUMBAI: Over the last couple of days, multiplex chain Inox Leisure has acquired three multiplex properties in the state of Gujarat.

     

    While two multiplex properties were acquired in Gandhinagar, the third was acquired in the city of Rajkot.

     

    Inox took over operations of a multiplex located near Adalaj in Gandhinagar comprising three screens and 1308 seats with effect from 31 August, 2015.

     

    Another multiplex property located at R-21 R-World near the Akshardham Mandir in Gandhinagar comprising six screens and 686 seats was also acquired.

     

    The third property, which the company acquired, is located at Old Dharam Cinema Building in Rajkot, which has three screens and 612 seats.

     

    With these three acquisitions, Inox is now present in 54 cities with 100 multiplexes, 389 screens and 1,02,035 seats across India.

  • Inox reports lower PAT for Q3-2014

    Inox reports lower PAT for Q3-2014

    BENGALURU: Despite higher average ticket price during the quarter, India’s largest multiplex chain – Inox Leisure (Inox) reported a 38.4 per cent drop in PAT to Rs 6.58 crore as compared to the PAT of Rs 10.62 crore y-o-y and a drop of 35.04 per cent from the Rs 10.13 crore PAT reported during the immediate trailing quarter (Q2-2014).

     

    Inox reported total revenue of Rs 214.27 crore for Q3-2014 which was 2.94 per cent more than the Rs 208.15 crore in Q3-2013, but 9.54 per cent lower than the Rs 236.86 crore in Q2-2014.

     

    Though the average price of ticket during Q3-2014 at Rs 163 was 1.88 per cent higher than the average price of ticket of Rs 160 during FY-2013, Inox saw a 1.7 per cent fall in income from operations during Q3-2014 to Rs 200.37 crore from Rs 203.84 crore in the corresponding quarter of last year. Operating Income during Q3-2014 was 12.07 per cent lower than the Rs 227.88 crore of Q2-2014. Lower revenue coupled with lower Exhibition cost and lower Entertainment tax paid by the company seem to indicate a lower occupancy rate, despite tax rebates/waivers in some territories and for some movies, if applicable.

     

    Let us look at the other numbers reported by Inox for Q3-2014…

     

    Total expense for Q3-2014 at Rs 200.36 crore was 7.56 per cent more than the Rs 186.28 crore in Q3-2013 and 4.28 per cent lower than the Rs 209.32 crore in Q2-2014.

     

    As mentioned above, the company paid lower entertainment tax and exhibition cost during the current quarter. Inox paid Rs 25.31 crore as Entertainment Tax during Q3-2014 which was 10.44 per cent lower than the Rs 28.26 crore tax in Q3-2013 and 14.78 per cent lower than the Rs 29.7 crore in Q2-2014.

     

    Exhibition cost incurred at Rs 58.48 crore during Q3-2014 was 5.91 per cent lower than the Rs 57.9 crore in Q3-2013 and 12.41 per cent lower than the Rs 62.2 crore in Q2-2014.

     

    Inox paid 16.9 per cent more towards property rent, conducting fees and common facilities charges during Q3-2014 at Rs 34.58 crore as compared to the Rs 29.58 crore during Q3-2013 and 0.88 per cent more than the Rs 35.28 crore in Q2-2014.

     

    33.41 per cent hike in ‘Other Expenses’ to Rs 48.48 crores in Q3-2014 from Rs 36.64 crore in Q3-2013 and 7.02 per cent from Rs 45.30 crore in Q2-2014 further dented profitability of the company. Also, 22.36 per cent higher Employee cost during Q3-2014 at Rs 13.9 crore as compared to the Rs 11.36 crore in Q3-2013 and 18.6 per cent more than the Rs 11.72 crore in Q2-2014 played a part in damping the profits during the current quarter.

     

    Click here for full report

  • Inox, Fame to convert all multiplex screens to digital

    Inox, Fame to convert all multiplex screens to digital

    BANGALORE: Digital cinema solutions provider GDC Technology (GDC) has been selected as the exclusive digital cinema provider to convert all the cinema multiplexes operated by Inox Leisure (Inox) and Fame India (Fame) in India.

    It is expected that full deployment will be completed by 2012.

    GDC says that the proposed contract involves GDC Tech supplying Inox and Fame with 300 units of integrated systems comprising GDC‘s Integrated Media Block (IMB) and Barco projectors, as well as 75 units of GDC‘s Theatre Management System (TMS) with theatre automation system, and the construction of a Network Operations Center (NOC) complete with full centralised cinema chain management solution.

    “In making this important transition, we wanted to ensure the new technology would support our goal of providing the best possible movie going experience for our patrons. The GDC IMBs offer the highest reliability and picture quality of any digital cinema server out there, which is why we chose them exclusively for our patrons,” says   Alok Tandon.

    In February 2010, Inox acquired a controlling stake in multiplex operator Fame India, which created the largest theatre chain under the same management control with combined strength of 68 multiplexes and 257 screens in 34 cities nationwide, and is in the process of opening more multiplexes in the current financial year.

  • Inox launches second property in Vijayawada

    Inox launches second property in Vijayawada

    MUMBAI: Inox Leisure has launched its second multiplex in Vijayawada, Andhra Pradesh. The new property has four screens with a total seating capacity of 1,198.


    With the launch of this property, Inox now has five multiplexes in the state with 23 screens. Nationally, Inox has 41 multiplexes and 155 screens across 26 cities.


    Inox Leisure CEO Alok Tandon said, “We at Inox take pride in bringing the best movie-going experience once again to our patrons of Vijayawada with the launch of our second multiplex at LEPL Icon, Patamata.”


     
    The multiplex will screen a mix of Telugu, Hindi and English movies. Some of the movies that will be screened this week are Spy Kids: All The Time In The World, Chatur Singh: Two Star, Not A Love Story, Zindagi Na Milegi Dobara, Mugguru Maha Maayagallu, Urimi, Aarakshan, Kandireega, Dhada, Naa Peru Shiva and Kanchana.

  • Inox reports 40% YoY increase in Q3 net profit

    Inox reports 40% YoY increase in Q3 net profit

    MUMBAI: Multiplex chain Inox Leisure has announced a 40 per cent increase in net profit for the third quarter of the financial year 2006-2007 at Rs 48.3 million on revenues of Rs 428.3 million.

    Net income in the corresponding quarter of the previous year stood at Rs 34.4 million.
    Total income rose 45 per cent for the quarter; up from Rs. 294.8 million. Inox registered an Ebitda of Rs 101.3 million compared to Rs 82.5 million in the same quarter of the previous year, a growth of 23 per cent.

    Over the nine-month period ending December, Inox registered strong growth with sales up 54 per cent from Rs. 802.9 million to Rs. 1233.1 million. Net Profit has also grown 53 per cent from Rs 131.6 million to Rs. 201.5 million, in the same time period.

    The company also announced that the scheme of amalgamation of Calcutta Cine Private Limited (CCPL) into Inox Leisure Limited has been approved at a shareholders’ meeting held on 4 January.

    Inox has recently launched its property at Chennai in January 2007 taking its tally of multiplexes across India to 13, with 48 screens and 14,286 seats.

    Commenting on the results, Deepak Asher, director – Inox Leisure said, “It has been a satisfying performance this quarter for Inox and things look very promising for the future with several new properties slated to open in the near term, as well as the acquisition of CCPL getting formalized.”

  • Inox Leisure Q1 net doubles to Rs 83.7 million

    Inox Leisure Q1 net doubles to Rs 83.7 million

    MUMBAI: Inox Leisure Ltd’s net profit has more than doubled to stand at Rs 83.7 million for the quarter ended 30 June 2006, as compared to Rs 40.8 million in the corresponding quarter of the previous year.

    Total income was at Rs 40.53 million as against Rs 22.57 million during this period. Inox has launched two new properties, Inox Darjeeling and Inox Kota, to take its tally up to 41 screens in 11 multiplexes across 10 cities. In June, Inox also entered into a term sheet for an all share swap deal with Calcutta Cinema Private Limited (CCPL) for acquiring CCPL and its brand of multiplexes – ‘89 Cinemas.’

    Inox plans to take its screen count up to 108 screens by mid-2008, spread across 26 multiplexes in 18 cities. Inox Nagpur with three screens and Inox Chennai with five screens are scheduled to open in August and September 2006 respectively.