Salman Khan excited about Sylvester Stallone''s new film

September 27, 2015

salmanMumbai, Sep 27: Salman Khan is "amazed" by the tough guy image of Hollywood superstar Sylvester Stallone in his upcoming sports drama "Creed".

Sharing the link of the film's trailer on his Twitter page, Salman wrote Stallone, 69, looks amazing as always.

"Creed Releasing on 25th Nov @TheSlystallone Looks Amazing as always," Salman, 49, who is a big fan of the action star, wrote.

The Bajrangi Bhaijaan star has earlier confessed that Stallone has always inspired him in his life.

Creed, a seventh film in the Rocky series, focuses on a man following in the footsteps of his late father, Apollo Creed and getting a mentor in the now-retired Rocky Balboa (played by Stallone).

The Hollywood star is also producing the film. It stars Michael B Jordan, Tessa Thompson, Phylicia Rashad and Tony Bellew besides Stallone.

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Agencies
July 3,2020

Mumbai, Jul 3: Renowned Bollywood choreographer Saroj Khan died early on Friday morning due to cardiac arrest. She was 71.

The three-time National Award winner, who had choreographed some of the most memorable songs in Hindi cinema, was not keeping well for some time.

She was admitted to Guru Nanak Hospital in Bandra last Saturday after she complained of breathing issues. The mandatory COVID-19 test done at the hospital showed a negative result.

“She passed away due to cardiac arrest at around 2.30 a.m. at the hospital,” Khan’s nephew Manish Jagwani said.

In a career spanning over four decades, Khan is credited with choreographing more than 2,000 songs, including Dola Re Dola from Sanjay Leela Bhansali’s Devdas, Ek Do Teen from Madhuri Dixit-starrer Tezaab and Ye Ishq Haaye from Jab We Met in 2007.

She last choreographed for Tabaah Hogaye, featuring Madhuri from filmmaker Karan Johar’s production Kalank in 2019.

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News Network
June 15,2020

Mumbai, Jun 15: Actor Sushant Singh Rajput's brother-in-law O.P. Singh, who is the Additional Director General of Police and posted as Special Officer in the Haryana Chief Minister's Office, suspected some foul play in the crime, it is reliably learnt on Monday. He is seeking a thorough probe into the incident.

"Sushant Singh Rajput has been murdered, he cannot commit suicide. I demand CBI enquiry into the matter," Jan Adhikar Party Chief Pappu Yadav told media persona at the actor’s residence in Patna, where his family resides.

The 34-year-old actor was found hanging at his apartment in Mumbai's Bandra on Sunday.

His sister lives in Chandigarh.

State officials said Singh has left for Mumbai soon he came to know about the suicide incident.

Expressing condolences, Haryana Chief Minister Manohar Lal Khattar said actor Rajput's death is an "irreparable loss" to not only the film industry but also for the entire society.

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News Network
June 9,2020

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.

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