Arjun Kapoor: All actors have to show return on investment

Agencies
June 30, 2017

Mumbai, Jun 30: Bollywood actor Arjun Kapoor, son of producer Boney Kapoor and nephew of veteran actor Anil Kapoor, says coming from a film family is futile in the industry if one can't show returns on a filmmaker's investment.kapoor

Arjun spoke about it in an interview for Vogue India's July 2017 cover story written by Udita Jhunjhunwala.

He started off as an assistant director and associate producer on films such as "Kal Ho Naa Ho" (2003) and "Salaam-e-Ishq" (2007) before landing a role in "Ishaqzaade", which released in 2012.

Arjun says he got it through an audition.

"Yes, the casting director knew of me, but I didn't ask my father to launch me. My father could open the door for me but eventually somebody's investing in you for a reason.

"If you don't show a return on the investment, they will stop investing in you. You have to make the industry and the audience realise that you're not here just because of the surname. And only you can do that - in front of the camera," he said.

The actor, who celebrated his 32nd birthday earlier this week, also said the success or failure of an actor depends on the audience.

"You join the industry and you keep trying. If the audience wants to see you, you'll get more work. If the audience has no interest, you won't.

"In most other businesses you get degrees, in most other jobs there are qualifications. Our profession doesn't offer a certificate of capability beforehand. You have to earn it, and the best judge of that is the audience," Arjun said.

His "Mubarakan" co-star Athiya Shetty -- daughter of actor Suniel Shetty -- who had a stint at the New York Film Academy, said: "I did go to a film school but I feel I learned a lot more on the job."

Ever since "Mubarakan" was announced, there have been rumours about the onscreen pair's "link-up" even as both of them have denied it.

Athiya says when such gossip comes along, she relies on her father's advice on how to deal with the intrusiveness: "He said, 'Take it with a pinch of salt and don't stress about it. Lack of privacy is the price of stardom.'"

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News Network
February 2,2020

Feb 2: After creating a buzz with her recent low-key marriage, actor and model Pamela Anderson recently broke off her marriage with famous movie mogul Jon Peters, after just 12 days the wedding, reported Fox News.

The couple got married on January 20 in Malibu, California in a private marriage ceremony.

The Hollywood Reporter broke the news of the couple's split on Saturday stating that the pair has decided to "uncouple."

"I have been moved by the warm reception to Jon and my union. We would be very grateful for your support as we take some time apart to reevaluate what we want from life and from one another," Fox News quoted Anderson saying.

"Life is a journey and love is a process. With that universal truth in mind, we have mutually decided to put off the formalization of our marriage certificate and put our faith in the process, "she added.

Fox News further quoted a source close to Anderson as saying, "She's known Jon forever, but she never lived with him, contrary to some reports. And until you live with someone... Well, let's just say Pamela asked for a break. She is heading back to her compound in Ladysmith, Canada, to be with her family."

According to Fox News, the couple did not have any official marriage license.

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News Network
June 30,2020

California, Jun 30: Online video-sharing platform YouTube on Monday banned several prominent channels, including those belonging to Stefan Molyneux and Richard Spencer.

The company banned six channels for repeatedly violating YouTube's policies.

According to The Verge, other channels banned include American Renaissance (with its associated channel AmRen Podcasts) and the channel for Spencer's National Policy Institute.

YouTube began taking stern measures on supremacist channels in June 2019.

"We have strict policies prohibiting hate speech on YouTube, and terminate any channel that repeatedly or egregiously violates those policies," the Verge quoted a YouTube spokesperson as saying.

"After updating our guidelines to better address supremacist content, we saw a 5x spike in video removals and have terminated over 25,000 channels for violating our hate speech policies," the spokesperson added.

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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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