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Multiplex chains renegotiate rentals, capex terms as business dives

Multiplex chains that have seen a slide in their business in recent months are trying to convince mall developers to agree to a partnership model where they can co-invest in new theatres. Revenue terms are also being renegotiated, and chains want to share revenue based on how well a film does.

PVR Inox lowers FY25 capex by 25%, plans to shut down 70 non-performing screens

In FY24, PVR Inox opened 130 screens and shut down 85 with net additions of 45 screens. The exhibitor will shut down around 70 screens with net additions of 50-60 in FY25

PVR Inox Q4 results: Net loss at Rs 130 crore as Bollywood underperforms

PVR Inox Q4 results: Net loss at Rs 130 crore as Bollywood underperforms
moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.

PVR Inox to shut 70 screens in FY25, lower capex, adopt multi-pronged growth strategy

PVR Inox to shut 70 screens in FY25, lower capex, adopt multi-pronged growth strategy
livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.

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