Indian multiplex chain Carnival Cinemas has entered into a strategic partnership with Louis Entertainment to expand its presence in Northeast India, including Arunachal Pradesh and Assam. As part of the deal, Carnival...
PVR to invest up to ₹150 crore in cinemas
Multiplex chain PVR Ltd plans to invest between ₹100 crore and ₹150 crore in setting up properties in the coming year, despite the losses of the pandemic and the struggle of the cinema exhibition industry in getting...
UFO Moviez-Qube Cinemas deal off the table as NCLAT nod comes too late
The national appellate tribunal has approved the proposed merger between digital cinema distribution firm UFO Moviez India and digital cinema technology provider Qube Cinemas Technologies, but the nod came too late as...
PVR looks south and then north, leads race to acquire Wave Cinemas
Less than two weeks after acquiring south India’s leading multiplex company SPI Cinemas, India’s largest cinema exhibition player PVRNSE 0.02 % is now looking to buy north Indian chain Wave Cinemas, two people familiar...
PVR set to acquire SPI cinemas in a cash-cum-stock deal valued at over Rs 850 crore
After years of on-again-off-again negotiations, Ajay Bijli-led India’s leading multiplex chain PVR LtdNSE -1.40 % has finally reached an agreement with South India’s largest premium cinema exhibitor SPI Cinemas to...
India’s Carnival in talks to buy cinemas in UAE, Bahrain – sources
India’s Carnival Cinemas and a partner in the United Arab Emirates (UAE) are in talks to buy Qatar-based Novo Cinemas’ theatres in the UAE and Bahrain, three sources familiar with the matter told Reuters. The potential...
MovieTime cinemas to invest Rs 125 crore on expansion
At a time when single-screen theatres are shutting down and the movie exhibition industry is witnessing a wave of consolidation among four top players, relatively smaller budget cinema chain, MovieTime Cinemas has...
Carnival Cinemas in early talks with Edelweiss to raise Rs400-460 crore in debt
Mumbai: Carnival Cinemas Ltd, the third largest multiplex operator in India, is in early talks with Edelweiss Alternative Asset Advisors Ltd to raise about Rs400-460 crore through a structured debt transaction...
China’s Dalian Wanda Group eyes controlling stake in PVR Cinemas
MUMBAI: A blockbuster buyout is in the works in India’s premier movie theatre company. Almost nine months after exploring an alliance, Asia’s largest film group and theatre operator Wanda Cinema, owned by...
Carmike Cinemas announces amended, restated merger agreement with AMC Theatres
Carmike Cinemas Inc: * Carmike Cinemas announces amended and restated merger agreement with AMC Theatres * AMC to acquire Carmike for combination of cash and stock in approximately $1.2 billion transaction * Amended and...
PVR acquires DLF’s cinemas for Rs 433 crore
PVR , India’s leading multiplex operator, has closed a deal to acquire real estate company DLF’s cinema exhibition business, branded DT Cinemas , with fewer screens than originally planned. The acquisition...
CCI asks PVR to sell some assets to clinch deal with DT Cinemas
The Competition Commission of India (CCI) has asked PVR Cinemas to first divest some of its assets if it wants to acquire DT Cinemas, which is real estate major DLF’s cinema exhibition business. The decision...