Independent theaters are going to survive Covid better than the franchises like Inox and PVR.
Independent multi-screen, privately owned theaters are likely to be self-owned(including building) by the owner group and must have contained the damage during covid early on.
Independent multi-screen, privately owned theaters are likely to be self-owned(including building) by the owner group and must have contained the damage during covid early on.
Theaters are going to co-exist with OTT. The side-effect of OTT would be a slight/marginal reduction in piracy.
But people are never not going to go to theaters. A movie like Interstellar, Tenet, Endgame, Fast and Furious 7, Kaithi, etc., deserve a theater watch.
But people are never not going to go to theaters. A movie like Interstellar, Tenet, Endgame, Fast and Furious 7, Kaithi, etc., deserve a theater watch.
So, theaters are here to stay. Just that, I feel that independent and privately owned theaters have a far better chance of survival than the publicly listed franchisee type theater groups. Interesting times ahead to be witnessed.
Just that, I was sad that PVR bought Sathyam. Coz, Sathyam (SPI) cinemas is a wonderfully run multi-theater multi-screen complex business. SPI IMAX screens and Popcorns are super-famous. Hope, if PVR goes bust, they'd sell Sathyam to someone else and Sathyam can still operate.
manurishiguptha.blogspot.com/2020/10/pvr-ci…
This is a very good thread detailing what's happening to PVR. Check it out. Found it in one of @dmuthuk's tweets. Unlike his ITC post, this one is on-point.
This is a very good thread detailing what's happening to PVR. Check it out. Found it in one of @dmuthuk's tweets. Unlike his ITC post, this one is on-point.
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