Recently, the Ministry of Home Affairs permitted opening of movie theatres at 50 per cent of their seating capacity from October 15. The industry has welcomed the step as it will be a great respite for multiplexes and the overall film industry. They were among the first to have been closed in March as the country began recording Covid-19 cases. As thousands of livelihoods depend on it, several actors and key figures in the film industry had urged the government to reopen theatres. Amid the lockdown, situations worsened as film directors picked the alternative route of OTT platforms like Netflix and Hotstar to release their movies.
Losses worth Rs 3,000 crore
As per some reports, the theatrical market has suffered losses worth Rs 3,000 crore across languages in the six months as cinema halls remained closed. Moreover, because of the pandemic, the country has lost almost 12 per cent of its movie screen count. In a statement, Multiplex Association of India welcomed the decision. It also asked state governments to reopen cinemas in their states to help the cinema exhibition sector to improve. The decision has brought a lot of optimism not only for the film industry and its audiences, but also for the employees of the cinema exhibition and their families. The statement would make the content producers plan their releases.
For the remaining part of the year, this would also support the content pipeline. The decision will bring huge relief to a number of employees across the sector which has been one of the most hit because of this pandemic. Talking about the screen counts, Inox currently has 147 multiplexes and 626 screens across 68 cities. On the other hand, Cinepolis has 390 screens across the country. PVR has 845 screens present across the country.