Anil Kapoor calls 'Ram Lakhan' remake a business deal

Chennai, Mar 28: Chennai City Corporation personnel stuck a home quarantine sticker at the office of actor-politician Kamal Haasan's Makkal Needhi Maiam office on Saturday, leading to speculation that the matinee star was quarantined for the coronavirus.

While there was speculation if Kamal Haasan was quarantined, the Greater Chennai Corporation said their staffers pasted the sticker on the premises because actress Gautami Tadimalli "returned from Dubai recently and her passport has this address (Eldams Road in upscale Alwarpet)."

The present residence of the actress was not known immediately.

The sticker read, "We are in home quarantine to safeguard ourselves and Chennai from the coronavirus." It was removed soon, an official said, declining to elaborate.

Kamal Haasan clarified in a statement that he was not quarantined.

"Based on the notice stuck outside my house, news has been spread saying that I have been quarantined. But most of you already know that I have not been living there for the past few years and the Makkal Needhi Maiam party office has been functioning from there," he said.

Further, the actor said, the news that he has been quarantined "is not true."

As a precautionary measure, he has been maintaining social distancing, he said.

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.

Bengaluru, Jun 9: There’s no denying the fact that Sudeep is one of the most popular and sought-after names in Kannada cinema. The versatile actor has won the love of fans due to his ‘pan-India’ look and impressive selection of roles. A self-made star, he paid his dues before making it big in Sandalwood. The Bachchan actor had, some time ago, told Film Companion that his initial years in the industry were anything but easy.

 The mass hero revealed that his first two movies never saw the light of the day as they were abandoned midway. Following the setback, he finally made his Kannada debut with V Umakanth’s Thayavva and began a new chapter in life. Sadly, the film sank without a trace and was removed from theatres within three days of its release.

“My first two films did not see the light of the day while the third one did not see people,” he added.

Sudeep ultimately tasted success with the 2001 release Huchcha and the rest is history. Over the years, ‘Deepanna’ has starred in several commercially successful movies and proved that he is a certified ‘A-lister’. The star has also made an impact in non-Kannada movies like Rann and Eega, expanding his fanbase big time.

Coming to the present, Sudeep was last seen in the Bollywood biggie Dabangg 3 that did decent business at the box office. The actioner saw him share screen space with Salman Khan, giving fans a reason to rejoice. The cast included Arbaaz Khan and Sonakshi Sinha.

He will be turning his attention to the Kannada biggie Kotigobba 3, the third instalment of the Kotigobba series. The film, directed by Shiva Karthik, is one of the biggest movies of the year. It features Shraddha Das, Madonna Sabastian and Aftab Shivdasani in key roles.  He  will also be seen in the Anup Bhandari-directed Phantom.