Multiplex operator Miraj Cinemas is planning to add 15 screens by the year end and is also eyeing acquisitions for expansion, a top company official has said. Miraj Cinemas, which started in 2012, has 54 screens across...
Carnival Acquires Big Cinemas
Anil Ambani‐led Reliance MediaWorks Ltd. (RMW) and Carnival Cinemas announced the signing of definitive agreements for the sale of the former’s multiplexes business to Carnival Cinemas Ltd in...
Miraj Entertainment inks strategic partnership with IMAX
Miraj Entertainment has inked a strategic deal with IMAX Corporation to install three new IMAX with Laser systems at key locations across India, including one in Mumbai—set to open in 2024—one in Jaipur, and a third...
NCLAT dismisses appeal to investigate PVR-INOX merger
The National Company Law Appellate Tribunal on Thursday dismissed the appeal filed by Consumer Unity and Trust Society, a think tank, asking the Competition Commission of India to investigate the PVR-INOX merger. The...
Cineworld files for bankruptcy in bid to cut $5 billion debt
Cineworld Group Plc filed for bankruptcy in Texas in an effort to tame its $5 billion debt pile. The UK-based movie theater chain, which draws most of its revenues from the US after the acquisition of Regal Cinemas in...
Non-profit group approaches CCI against proposed PVR-INOX Leisure merger
Non-profit group CUTS has filed a complaint against the proposed merger agreement between multiplex operators PVR and INOX Leisure, alleging that the deal will have anti-competitive effects on the film exhibition...
PVR-INOX merger gets clearance from BSE and NSE
Multiplex operators PVR and INOX Leisure said that they have received clearances for their merger from bourses NSE and BSE. “The company has received observation letter with ‘no adverse observations’...
Baidu in talks to sell majority stake in iQIYI, China’s answer to Netflix
China’s internet search engine giant Baidu Inc is in talks to sell its controlling stake in iQIYI Inc, China’s answer to Netflix, in a deal that could value all of iQIYI at about $7 billion, two people with...
Anti-profiteering Authority to be merged with Competition Commission
National Anti-profiteering Authority (NAA) is all set to be subsumed into the Competition Commission of India (CCI), according to a report in Livemint. NAA is the anti-profiteering watchdog of GST. Its term ends in...
Inox Merger with PVR: Largest Film Exhibition Company
Pandemic coupled with the Steller rise in Over the Top (“OTT”) had questioned survival of multiplexes and movie theatres. Amid of struggle, the two largest multiplex chains in India announced a merger which is likely to...
PVR, INOX Leisure script mega merger
India’s leading multiplex chain, PVR, will merge with INOX Leisure, the second biggest, to create the country’s largest film exhibition company — with 1,546 screens in 341 properties across 109 cities. The move is a...
PVR, Cinepolis India in advanced merger talks
India’s leading multiplex chain PVR and the local unit of Mexican company Cinépolis are in advanced merger talks, potentially reshaping the country’s film exhibition industry that witnessed its first phase of...