Ramp Outside Actor Shah Rukh Khan's Mumbai Bungalow Demolished by Civic Body

New Delhi, Jun 9: Multiplex operator PVR on Monday said it has cut salary across various levels, laid off employees and deferred increments during the lockdown to mitigate adverse impact of COVID-19 on the business.

The company said at present it is not generating any revenue from exhibition business and related activities as cinemas across the country are shut following the directions from the regulatory authorities.

According to the company, closure of screens during the lockdown will have a significant negative impact on profitability and liquidity.

PVR has taken measures to reduce its personnel cost, including salary cuts across various levels in the organisation during the lockdown along with "reduction in headcount by way of layoffs/retrenchment" to mitigate the adverse impact of COVID-19 on the business.

Moreover, the board of the company, in its meeting held on Monday has also approved plan to raise Rs 300 crore through rights issue.

"Since Cinema Exhibition is the only business segment, company is currently not generating any revenue from admissions, food and beverage sales or other revenue and cash flow from operations," said PVR in an update.

Beginning from March 11, PVR started closing its screens in accordance with the order passed by various regulatory authorities and within a few days most of our cinemas across the country were shut down, it added.

The company will continue to incur committed cash outflows, including employee salary pay-outs, other overheads as well as payments for older working capital.

"This has and will have a significant negative impact on profitability and liquidity during lockdown and even thereafter till business comes to normalcy," it added.

Further, once the cinemas are re-opened, we may not be able to run our cinemas at normal capacity utilisation levels on account of social distancing measures that cinemas may be required to follow as well as health concerns that the patrons may have, the multiplex operator said.

"On account of this, our revenue and cash flow generation may be impeded even once we are allowed to restart operations," it added.

The company has also deferred decision on on increments to reduce its cost, it added.

PVR has also written to developers for waiving rental and CAM (Common Area Maintenance) charges for the lockdown period.

It is in discussion with developers for reducing rentals post re-opening and has invoked force majeure clause in its agreements with them.

Besides, the company has raised additional borrowings from existing bankers to shore up liquidity.

"As of March 31, 2020 the company had cash and bank balance of Rs 316 crore. As on June 7, 2020 cash and bank balance is Rs 227 crore (including undrawn bank lines)," it added.

Over reopening of theatres, PVR said that the government has come out with a phase-wise schedule.

In these guidelines cinema halls have been kept in the third phase of re-opening, where dates will be decided based on assessment of the situation.

"We are in continuous engagement with all regulatory authorities and hope to receive the necessary permissions for restarting opening in the near future," it added.

Currently PVR operates 845 screens in 176 properties in 71 cities.

Los Angeles, May 11: Iconic soul and R&B singer Betty Wright has died after a battle with cancer. She was 66. According to Entertainment Weekly, the Grammy winner passed away on Sunday in her hometown Miami, Florida, Wright's niece confirmed.

The news comes a week after singer-songwriter Chaka Khan tweeted praying for her "beloved sister", without mentioning the cause of ailment.

"Calling all my #PrayWarriors | My beloved sister, Betty Wright, is now in need of all your prays. 'Que Sera, Sera | Whatever Will Be, Will Be' In Jesus Name We Pray for Sister Betty All My Love Chaka," she wrote.

Wright, whose real name was Bessie Regina Norris, was born in 1953.

She started singing as part of her siblings' musical group called the 'Echoes of Joy', but she rose to fame in the 1970s.

The singer was a member of the gospel ensemble until they parted ways when she was 11, leading her to embrace R&B music.

Wright signed with the label Deep City Records in 1966, a year later becoming a local hit with songs "Thank You Baby" and "Paralyzed".

Her first album My First Time Around wasn't released until two years later featuring the hit "Girls Can't Do What the Guys Do."

The biggest hit of her career Clean Up Woman came a year later, which was certified gold barely days after her 18th birthday.

At the age of 23, she went on to win her first Grammy Award for Best Song, Where is the Love?

Wright continued writing and producing music for two decades, her final hit  No Pain, (No Gain) was released in 1988.

Wright also collaborated with talent in the industry including fellow Miami superstar Gloria Estefan, for whom she arranged the harmonies on the 1991 track Coming Out of the Dark, as well as Jennifer Lopez, Kelly Clarkson, and Joss Stone.

She served as the vocal coach of the girl group Danity Kane on "Making of the Band" (2006).

With her collaboration with The Roots titled Betty Wright: The Movie, Wright again came under spotlight in 2011. This was her first album in a decade.

She scored a Grammy nod for the song Surrender from the album. Her work has been sampled throughout the years by Beyonce, Mary J Blige, Afrika Bambaataa, and Chance the Rapper. Several names from the music industry such as Snoop Dogg, John Legend, and DJ Khaled condoled Wright's demise on social media.

Snoop shared a video of Wright singing "Tonight is the Night" and thanked his mentor for inviting him to "thankful Thursday's" at her Florida house years ago.

"I know god is pleased with your work. Tonight is the night you get to heavens gates. Long live. Betty Wright," he wrote on Instagram.

Legend said Wright will be missed.

"She was always so loving and giving to younger artists. Always engaged, always relevant," he tweeted.

Khaled shared a clip of his performance with Wright on the song "Holy Key" at the 2016 BET Hip Hop Awards.

"Betty Wright, you are an angel. You one of my realest friends I have! You are like a mom to me! You had my back from the very beginning! We made beautiful music together! Betty Wright is an icon! And the Mother of Miami," he wrote.

Wright was married three times - her final marriage was to reggae legend Noel 'King Sporty' Williams from 1985 until his death in 2015.

She had five children: Aisha McCray, Patrice Parker, Patrick Parker, Patrice Parker, and Chaka Azuri. Her son Patrick was shot to death on Christmas Day 2005 at the age of 21.

Patna, Jan 22: Actor Kangana Ranaut has expressedher desire to make a movie on Chandragupta, the shepherd-turned-emperor who founded the Maurya dynasty, noting that the film industry has “not done enough justice to our history”.

The national award winner was here to take part in a programme organised by the publishers of a leading Hindi daily where she performed a jig to the tunes of Bhojpuri songs along with actor-turned-politician Ravi Kishan before the duo participated in a question and answer session.  Replying to the questions posed by Kishan, who is also the BJP MP from Gorakhpur, Ranaut on Tuesday said it was her second trip to Bihar.

“The last time, I was here as a child though I have not yet got a chance to explore the state with which I feel a connect as my Yoga teacher has his roots here,” she said.

Ranaut, who won acclaim for portraying Rani Laxmibai, the valiant queen of Jhansi who took on the British during the revolt of 1857 -- in ‘Manikarnika’, when asked if she would like to be associated with a film on any historical figure from Bihar, said, “It would be Chandragupta Maurya. The film industry has not done much justice to our history”.

A self-confessed admirer of Prime Minister Narendra Modi, the 32-year-old, who has won three National Awards in the Best Actress and Best Supporting Actress categories, replied in the affirmative when asked about reports that she has turned producer and her first venture is based on the theme of Ram temple in Ayodhya.

The Himachal Pradesh-born actress, who has courted controversy for taking on well-entrenched Bollywood “insiders” like Karan Johar and Hrithik Roshan, said she has had a rebellious streak since childhood and shared an anecdote about her breaking her teacher’s stick upon being hit for chatting with a classmate in school.

When Kishan asked why she has gained so much weight, Ranaut replied it was in preparation for her upcoming biopic “Thalaivi”, based on late Tamil Nadu Chief Minister J Jayalalithaa.

The actress said her forthcoming release “Panga” is a family drama.

Ranaut said after landing in Patna, she gorged on ‘Litti Chokha’, a local delicacy.

She also regaled the audience by greeting them in Bhojpuri and repeating several commonly used phrases of the dialect after Kishan.