PVR INOX to shut down their 50 theatres, details here- Watch Video

Saumya JaiswarPublish Date: 17 May, 2023

Due to the Corona crisis, cinema theaters in the country had to face huge losses. Even after Kovid, his earnings did not increase so much that the loss could be eliminated. The number of viewers reaching the theaters is continuously decreasing. Many people are blaming the growing craze of the OTT platform for this. However, questions have also been raised regarding the content of Bollywood cinema and people have believed that if the content is good then people will definitely reach the theatres. Meanwhile, the information is that PVR is going to close its 50 screens in the coming time.

According to the information, PVR Inox is going to shut down 50 screens in the next six months. The company has incurred a loss of 333 crores in the March quarter. 80% single screen theaters in Maharashtra have already closed. Theater owners claim that Bollywood is making bad content. At the same time, people are getting to see strong story and acting in OTT.

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