For those who love the theatre experience of watching movies, here's some bad news.
PVR INOX plans to shut down 70 non-performing screens.
According to a report in the Economic Times newspaper, PVR INOX plans to go for potential monetisation of non-core real estate assets in prime locations in Mumbai, Pune and Vadodara.
Last month, Mumbai's iconic Paradise cinema shut down due to lack of audiences; news reports indicated that the land on which Paradise -- which was built in 1940 -- stands will turn into a car parking zone.
PVR INOX will add 120 screens, the Economic Times report added, of which 40 percent of the screens will be located in South India.
'The Audience Can't Be Tricked'
'Bollywood Won't Revive!'
Stree 2 Enters Rs 500 Crore Club
Now, Watch Munjya At Home