Global cinema chains eye huge opportunities in Saudi Arabia

Agencies
December 12, 2017

LONDON, dec 12: International and Middle Eastern cinema chains are eager to expand into Saudi Arabia following the Kingdom’s decision to allow movie theaters to operate from early 2018.

It will be the first time in 35 years that cinemas have been permitted to open in the Kingdom, and is a move likely to open up a whole new audience of cinema-goers hungry to watch the latest blockbusters without having to drive or fly to Dubai or Bahrain.

Novo Cinemas, which has 152 screens across the UAE and Bahrain, is one of the regional chains watching developments in the Kingdom with interest.

“Novo Cinemas are currently expanding everywhere. We have received several requests from KSA and are currently studying a number of these options,” Debbie Stanford-Kristiansen, chief executive at Novo Cinemas, told Arab News.

“These are dynamic and exciting times for KSA, the region and our industry,” she said.

Vox Cinemas, which is part of the Dubai-based Majid Al-Futtaim group, has also welcomed Saudi Arabia’s decision, and a spokeperson confirmed to Arab News that the cinema chain was “in talks to introduce our Vox Cinemas brand” to the Kingdom.

“We are highly committed to the people of Saudi Arabia and would welcome an opportunity to be part of this exciting development if given the opportunity,” the spokesperson told Arab News.

Vox cinemas has 284 screens across the whole Middle East region, including UAE, Lebanon, Oman, Egypt, Bahrain and Qatar.
In the UK, the cinema chain Vue is also exploring opportunities in the Kingdom.

According to reports In October by the UK newspaper, The Times, the company was invited to a Riyadh investment conference to pitch its idea for a chain of theaters in the Kingdom.

Commenting on the lifting of the ban, a Vue spokesperson told Arab News: “This is an exciting moment in the history of cinema, which has been an important medium for out of home entertainment for over 100 years.

“We are continually exploring new and attractive high-growth markets and this could be a significant opportunity for Vue. They have some incredible plans in place and we look forward to continuing our conversations in the region,” the spokesperson said.

Vue currently has 87 cinemas, with 843 screens across the UK and Ireland.

Last month, local media reported that the US-headquartered AMC Entertainment was potentially interested in operating in the Kingdom if the ban was lifted, citing comments made by AMC’s CEO Adam Aron at the MiSK Global Forum in Riyadh held in November.

The Saudi government will start issuing licenses for cinemas early next year, with the first theaters to open in March 2018, according to a statement from minister of culture and information, Awwad Al-Awwad issued on Dec. 11.

The lifting of the cinema ban is expected to bolster the Saudi Arabian economy, generate jobs, and help develop industries outside of the oil sector. It is one of a number of economic and social reforms, including the decision earlier this year to allow women to drive from June 2018.

“This marks a watershed moment in the development of the cultural economy in the Kingdom,” Al-Awwad said in a statement.
“Opening cinemas will act as a catalyst for economic growth and diversification; by developing the broader cultural sector we will create new employment and training opportunities, as well as enriching the Kingdom’s entertainment options.”

By 2030, Saudi Arabia is expected to be home to more than 300 cinemas, according to the government.

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News Network
March 19,2020

New Delhi, Mar 19: Hit hard by coronavirus, budget carrier IndiGo today announced that it will cut salaries of senior employees. IndiGo CEO Ronojoy Dutta, who will himself take a 25% cut in salary, said senior vice presidents and above are taking a 20% pay cut while vice presidents and cockpit crew are taking a 15% pay cut.

With precipitous drop in revenues, the very survival of airline industry is now at stake, Dutta said while announcing the pay cut. "We have to pay careful attention to our cash flow so that we do not run out of cash," Dutta said adding that he knew how hard it was for families to take a cut in "take-home pay".

"With a great deal of reluctance and a deep sense of regret, we are therefore instituting pay cuts for all employees, excluding Bands A and B, starting April 1, 2020," the chief executive officer said. Band A and B are the lowest brackets in salary class, where most of the employees are.

IndiGo's flight operations chief Ashim Mitra had written an email to pilots this morning saying that the economic environment has deteriorated significantly and no airline is insulated from this severe downturn.

"It has become a necessity to initiate some tough calls and we are working on a string of measures that will be shared and implemented over the next few days and weeks," Mitra said.

With countries sealing their borders partially or fully across the world due to the novel coronavirus pandemic, aviation sector has been hit extremely hard as most airlines globally have drastically curtailed their flight operations.

Another budget airline GoAir has already terminated contracts of expat pilots amid curtailed operations due to the coronavirus pandemic.

Citing "unprecedented" decline in air travel, the budget carrier announced it was suspending international operations and offering leave without pay programme to its staff on a rotational basis.

Government-owned Air India may also cut salary of employees by 5% amid its growing financial woes particularly in the wake of the coronavirus pandemic, which has nearly grounded its entire international operations. The reduction will be across the board, according to a PTI report.

The loss-making airline, which is in the process of a second attempt of privatization after failing to get a single buyer nearly two years ago, has already taken some steps such as reduced flying allowances to cabin crew besides withdrawing entertainment allowance to executive pilots, among others.

“Air India is considering a 5 per cent pay cut to its employees as it faces huge financial crisis due to the ongoing coronavirus outbreak, which has brought almost its entire international operations save the US, Canada and a few other markets, to the ground," a source told news agency.

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News Network
March 21,2020

New Delhi, Mar 21: A couple was deboarded from a Delhi-bound Rajdhani train on Saturday after co-passengers observed a home quarantine seal on the husband's hand, the Railways said Saturday.

Officials said the Delhi-based couple boarded the Bangalore City-New Delhi Rajdhani at Secunderabad on Saturday morning.

When the train reached Kazipet in Telangana at 9:45 am, a co-passenger noticed the quarantine mark authorities are putting on suspected coronavirus cases —on the husband's hand when he was washing his hands. Other co-passengers then informed the TTE onboard.

The train was briefly detained and the couple was taken to a hospital. The coach was completely sanitised in Kazipet and was locked, officials said.

The air conditioning was also switched off.

The train left for its destination at 11.30 am.

People fleeing quarantine has been a common problem reported from different parts of the country.

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News Network
March 20,2020

New Delhi, Mar 20: The four men convicted of the gang rape and murder of a Delhi woman on December 16, 2012 were hanged in the darkness of pre-dawn on Friday, ending a horrific chapter in India's long history of sexual assault that had seared the nation's soul. Mukesh Singh (32), Pawan Gupta (25), Vinay Sharma (26) and Akshay Kumar Singh (31) were executed at 5.30 am for the savage assault in an empty moving bus on the 23-year-old physiotherapy intern who came to be known the world over as Nirbhaya, the fearless one.

This is the first time that four men have been hanged together in Tihar Jail, South Asia's largest prison complex that houses more than 16,000 inmates. The executions were carried out after the men exhausted every possible legal avenue to escape the gallows. Their desperate attempts only postponed the inevitable by less than two months after the first date of execution was set for January 22.

They were hanged at 5.30 am, Director General of Prison Sandeep Goel said.

After raping and brutalising the woman, the men, one of whom was a juvenile at the time, dumped her on the road and left for dead on the cold winter night. Her friend who was with her was also severely beaten and thrown out along with her. She was so severely violated that her insides were spilling out when she was taken to hospital. She died in a Singapore hospital after battling for her life for a fortnight.

Six people, including the four convicts and the juvenile, were named as accused.

While Ram Singh allegedly committed suicide in the Tihar Jail days after the trial began in the case, the juvenile was released in 2015 after spending three years in a correctional home.

The road to the gallows was a long and circuitous one, going through the lower courts, the High Court, the Supreme Court and the president's office before going back to the Supreme Court that heard and rejected various curative petitions.

The death warrants were deferred by a court thrice on the grounds that the convicts had not exhausted all their legal remedies and that the mercy petition of one or the other was before the president.

On March 5, a trial court issued fresh death warrants for March 20 at 5.30 am as the final date for the execution.

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