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Challenges and Opportunities for PVR Limited
What were the concerns of market experts and analysts regarding the post-pandemic world for multiplexes?
Maintenance costs might surge by as much as 25%.
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PVR Limited's Response to Covid-19
What were some conflicting requirements that Dutta had to reconcile during the Covid-19 crisis?
Keeping operational costs in check while ensuring all safety measures were in place and adhering to government guidelines.
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PVR Limited's Response to Covid-19
What were some of the challenges faced by the multiplex industry during Covid-19?
High population density, inadequate health infrastructure, high rates of comorbid situations, and difficulty in uniform execution of mitigation measures.
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Global Entertainment Market Trends
What were the global revenues of the film entertainment segment in 2020 according to the FICCI - EY Report?
Revenues declined by 80% across domestic and international theatrical releases.
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PVR Limited's Response to Covid-19
How did PVR ensure the safety of its customers and employees during the Covid-19 pandemic?
By taking all possible precautions to make both customers and employees feel safe while visiting PVR Cinemas.
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Financial Performance and Stock Market Impact
What milestone did PVR Limited achieve in terms of patrons entering their premises in a year?
Over 100 million patrons in a year.
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PVR Limited's Response to Covid-19
How did PVR manage its expenses during the Covid-19 pandemic?
By curtailing expenses, working out settlements with landlords for rent waivers, suspending CAPEX spending, managing liquidity through additional borrowings, and making short-term structural changes.
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Impact of Covid-19 on the Multiplex Industry in India
What was the percentage by which the industry fell due to the pandemic?
24% to INR 1.38tn ($18.5bn).
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Leadership and Strategic Vision of PVR Limited
What award was Dutta the recipient of in the 2018 edition of the World HRD Congress?
The "CEO with HR Orientation" award.
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Impact of Covid-19 on the Multiplex Industry in India
How did the Covid-19 pandemic impact the multiplex industry in India?
Nationwide lockdowns and restrictions took a heavy toll on the multiplex industry.
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PVR Limited's Response to Covid-19
How did PVR approach strategic decision-making during the Covid-19 crisis?
By carefully analyzing various internal and external factors related to the crisis to decide the next steps.
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PVR Limited's Response to Covid-19
What was the impact of the Covid-19 pandemic on the behavior of cinema consumers?
People became more concerned about the safety of their loved ones, which translated into their behavior as cinema consumers.
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PVR Limited's Business Model and Offerings
When was PVR Limited incorporated and as a joint venture between which companies?
In 1995 as a joint venture between Priya Exhibitors Pvt Limited and Village Roadshow Limited.
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Global Entertainment Market Trends
What were theatre chains working towards globally to enhance movie experiences for cinema lovers?
Creating immersive experiences by adding new screens, reclining seating, high-quality audio-visual equipment, and a wide variety of food and beverage offerings.
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Impact of Covid-19 on the Multiplex Industry in India
What revenue streams dependent on cinema operations came to a standstill due to the pandemic?
Food and beverage, in-cinema advertisement, and convenience fees.
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PVR Limited's Business Model and Offerings
When did PVR take its first step towards an international presence and where?
In August 2019, with the launch of a multiplex in Colombo, Sri Lanka.
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PVR Limited's Response to Covid-19
What was the founder and chairman of PVR, Ajay Bijli's strategy during the Covid-19 pandemic?
Aggressively controlling costs, augmenting liquidity, and reducing fixed costs by over 70% in Q2 FY2021 compared to Q2 FY2020.
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PVR Limited's Business Model and Offerings
When did PVR Limited establish its first multiplex and where?
In June 1997, in Saket, New Delhi, PVR Anupam.
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Impact of Covid-19 on the Multiplex Industry in India
What impact did the pandemic have on multiplexes?
They were among the first businesses to be told to close and among the last to open.
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Leadership and Strategic Vision of PVR Limited
Who led PVR and when did they join the company?
Dutta, who joined PVR in 2006.
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Impact of Covid-19 on the Multiplex Industry in India
What did the FICCI-EY Report highlight about the pandemic's impact on the entertainment industry?
OTT entertainment platforms gained acceptance during Covid-19 times due to lockdowns.
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Financial Performance and Stock Market Impact
What was the bulk of PVR's revenue earned through?
The sale of movie tickets, which accounted for nearly 52% of the revenue.
