(Image source from: Reuters.com)

PVR INOX in deep Losses:- India’s largest multiplex chain PVR INOX likely to shut down 50 of its screens in the coming six months as the screens are making a loss or else the theatres are in malls, which have reached the end of their life cycle. After the merger, PVR INOX announced its results for the first time, where the multiplex chain report a loss of Rs 333 Cr.

The volatility at the box office is one of the reasons for the losses and Bollywood cinemas are having a bad time at theatres recently. Only Shah Rukh Khan’s Pathaan did well and can't be the saviour of the theatres in the north. The company owns 1,670 screens overall. They have added 140 screens in this fiscal year and planning to add more 180 screens in the next fiscal year.