The Government of Jharkhand signed MoU with Carnival Group for setting up minimum 75 theatres-cum-recreation zones in 18 out of the state’s 24 districts at the Calcutta leg of Momentum Jharkhand, the state’s ongoing sales pitch in metros to tap…
PVR Acquires DT Cinemas
PVR Limited announced that pursuant to the order passed by the Competition Commission of India (CCI), under Section 31(7) of the Competition Act, 2002, the company on May 30, 2016 executed an amendment agreement with DLF Utilities Limited (DUL) for…
Now, Get a Security Cover With Your Movie Tickets
Largest multiplex chain spread across cities in India, Carnival Films Pvt. Ltd. – known as Carnival Cinemas among moviegoers – announced its strategic tie-up with a Mumbai-based Zicom Electronic Security Systems Ltd., popularly known as ‘Zicom’, which is a pioneer…
DLF Exits Cinema Business, Sells 7 Screens to Cinepolis for Rs 64 crore
Realty major DLF on Friday announced the sale of its remaining 7 screens of DT Cinemas in the national capital to Cinepolis India for nearly Rs 64 crore, thereby exiting the cinema exhibition business. DLF Ltd had in May entered…
Cinepolis Takes Remaining DT Cinema Screens
The seven screens still with DLF’s cinema chain, DT Cinemas, have been acquired by Mexican multiplex chain Cinepolis. DLF disclosed in a filing on the BSE exchange that the screens were sold for Rs 63.7 crore. The deal is subject…
Aries Group Initiating to Set Up High-end Screens in India
Dubai-based Aries Group of Companies is initiating setting up of a consortium of corporate firms and non-resident Indian (NRI) investors under a project to build 10,000 high quality cinema screens in various parts of the country. The project is estimated…
Cabinet Approves Law to Enable Shops, Malls, Restaurants to Stay Open 24×7
The Cabinet cleared the model Shops and Establishment Act that would allow cinema halls, restaurants, shops, banks and other such workplaces to be open 24X7. Officials said the model Act would also enable women to work during the night in…