Movies

Multiplex operators post weak recovery in FY’10

The multiplex operators were up against the wall in FY’10. The first quarter was gobbled by a bitter row with the film producers, freezing fresh movie content from the Bollywood studios. Revenues went for a toss as they tried to source alternate content and tapped regional language movies.

The bruise didn’t disappear in a hurry as the revenue-share arrangement increased their content costs. The release window shortened as film producers had to find space in the clutter. The situation worsened as most of the movies bombed at the box office.

Corrective measures were taken and the major players hiked ticket prices while their expenses also deepened. Revenue for the fiscal jumped but operating profit took a knock.

Revenue soars

The combined turnover of the five listed cinema exhibitors stood at Rs 13.73 billion in FY’10, up 21.47 per cent over the earlier year. The major reason was hike in the ticket prices and some blockbuster movies in between (like 3Idiots, Ajab Prem Ki Gajab Kahani etc).

Reliance Mediaworks, Fame India and Cinemax saw maximum growth in revenues, jumping 39.5 per cent, 28.7 per cent and 25 per cent for each of them. Inox Leisure saw a moderate 12.6 per cent growth, while PVR had a measly 3.2 per cent increase in its income.

Higher expenses as distributor payout increases

Multiplex operators had to cough out more to the film distributors due to the new revenue share agreement.

Though the companies kept control over personnel costs, their interests in organic and inorganic growth led them to invest to build or acquire properties. This resulted in increase in expenses.

Expenses in the fiscal stood at Rs 13.59 billion, up 24 per cent, from Rs 10.98 billion in FY09. (Disclaimer: All expenses figure are on approximate basis barring PVR, as the companies have not given the expenses for the exhibition segment separately.).

Fame India, Reliance MediaWorks and Cinemax had seen over 30 per cent increase in their expenses during the fiscal, compared to the year-ago period.

Inox saw a 16.5 per cent rise in expenses over the year-ago period, while PVR kept the expenses under control with just over one per cent increase over the earlier year.

At the operational level, all the exhibitors had a bad year as between the two fiscals, their profit narrowed by 58.3 per cent in FY’10 over the year-ago period. The FY’10 operating profit stood at Rs 179.09 million as compared to operating profit of Rs 429.69 million.

The companies who suffered the most were Fame India (down 80.3%), and Cinemax (down 64.07%). However, Reliance MediaWorks, which had suffered an operating loss from the exhibition sector during FY’09 (Rs 454.56 million), increased the losses by nine per cent to Rs 495.37 million in the fiscal 2009-10.

The cinema exhibitors are expected to put up a better show in FY’11 with an increase in ticket prices and, hopefully, more successful movies.

Latest Reads

https://ntawards.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/09/pvr_cinemas.jpg?itok=wmgS7pAR
PVR to launch first 12-screen property in Delhi

MUMBAI: Banking on rising theatrical revenues, PVR, one of India’s biggest multiplex chain, will launch its first 12 - Screen Superplex at Vegas Mall, Dwarka, New Delhi, on Monday. The flagship property, biggest by PVR in India so far, will be launched in the presence of the starcast of the...

Movies Hindi
https://ntawards.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/08/pubg.jpg?itok=HVXZ7j-_
PUBG launches documentary film – ‘BE THE ONE’ on YouTube

MUMBAI: PUBG MOBILE has created a short documentary capturing the journey of homebred competitive players who boldly pursued their dreams of building a career in esports. The 21-minute long documentary film, aired on YouTube on November 4, and has already garnered over 8 lakh views. Three...

Movies Documentary
https://ntawards.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/09/10/holy.jpg?itok=8rHaUINR
The biggest hollywood blockbusters will take over star movies in september

MUMBAI: The big India festive season has started and everyone is gearing up with their plans to celebrate it in the best possible avatar. When it comes to grand celebrations and larger than life content offering, no one does it better than Star Movies – the leading Hollywood destination of India.

Movies Hollywood
https://ntawards.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/16/sattru.jpg?itok=byCPgOSS
Get ready for a blockbuster date with 'Saturday Premiere Nights' at 8 only on &pictures

Having an exhausting week, and still struggling to figure plans for the weekend to unwind?  Well, &pictures, is all set to take you on a transcending journey with some big-ticket actors and superhit movies through its all-new offering ‘Saturday Premiere Nights’. Starting 17th August, &...

Movies Hindi
https://ntawards.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/14/carter.jpg?itok=3oDvaaY9
Critically acclaimed short film Half Full starring veteran Naseeruddin Shah and Vikrant Massey wins major accolade at ShortsTV’s Best of India Short Film Festival 2019 in Los Angeles

Critically acclaimed short films Half Full, featuring veteran actor Naseeruddin Shah and Vikrant Massey, and Counterfeit Kunkoo, written and directed by Reema Sengupta, were declared winners at ShortsTV’s Best of India Short Film Festival 2019 being held in Los Angeles.

Movies Short Films
https://ntawards.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/06/28/movies.jpg?itok=TN01ucGX
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...

Movies Hindi
https://ntawards.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/06/04/ZEE---Vibha-Chopra-headshot.jpg?itok=jeqUqnA8
Zee Entertainment Elevates Vibha Chopra as Head of Global Syndication & International Film Distribution

Mumbai -  Mr. Mukund Cairae, Chief Operating Officer - International Business at Zee Entertainment Enterprises Limited (ZEEL), announced the expanded role of Ms. Vibha Chopra to Head-Global Syndication & International Film Distribution at ZEEL.  She has taken over the global licensing and...

Movies International
https://ntawards.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/05/21/hollywood.jpg?itok=gxhrAFYZ
“Hollywood Stars” - Behind TheScenes

Marvel’s latest superhero flick Avengers: Endgame has taken the Indian box office by storm, minting Rs. 157 crore within three days of release, easily raking in the highest opening weekend for a Hollywood film in the country so far.

Movies Hollywood
https://ntawards.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/05/03/av.jpg?itok=9PVQwFz7
Cinépolis redefines the movie experience by launching ‘Cinépolis Onyx 3D’- India’s first 3D LED screen

Cinépolis, India’s 1st international and the world’s 2nd largest movie theatre circuit by attendance, today launched, ‘Cinépolis Onyx 3D’, a revolutionary ‘Onyx’ LED technology supporting 3D.

Movies Hollywood

Sign up for our Newsletter

subscribe for latest stories