A slew of blockbusters likely to help multiplexes post robust Q4

A flurry of blockbusters is expected to help multiplexes record robust results for the March 2019 quarter. The net box office collections increased by 34 per cent year-onyear to Rs 1,358.7 crore in the March 2019 quarter following the success of films in Hindi, Hollywood and regional segments such as Simmba, Uri: The Surgical Strike, Gully Boy, Manikarnika: The Queen of Jhansi, Captain Marvel, Petta and Vishwam.Faster expansion has helped multiplexes to take advantage of the popularity of movies. In the past six-seven quarters, the market share of listed entities PVR and Inox Leisure in top five box office collections has improved. According to domestic brokerage Emkay Global, PVR’s market share rose to nearly 24 per cent in the March 2019 quarter from 20 per cent in the March 2017quarter. For Inox Leisure, it improved to 17 per cent from 15 per cent by similar comparison.68403238

from Economic Times https://ift.tt/2T4O4N5