PVR-Inox, India's leading multiplex operator, has reported a Rs 333 crore net loss for Q4, despite revenues doubling to Rs 1,143 crore from Rs 536 crore in the same quarter of the previous year. In response, it plans to close around 50 screens that have been consistently operating at a loss or are located in underperforming malls. This poor performance is attributed to declining content quality in Bollywood, affordable large-screen TVs, and the growth of OTT platforms. Many recent films have failed to resonate with audiences, while large-screen TVs provide a more accessible cinematic experience at home. Meanwhile, OTT platforms offer diverse content bundled with broadband subscriptions, altering viewing habits and challenging traditional film production and distribution.
The annual budget time has come. On 1st February 2021 finance minister of India Mrs Nirmala Sitharaman will present the budget for the financial year 2021-22 in Loksabh. Every pink paper and some white one also are publishing expectation from the budget. We also have a list of expectation from the budget.