Dhoom: 3 Enters Chinese Top 10 Chart

July 31, 2014

Dhoom ChineseMumbai, Jul 31: Bollywood super hit Dhoom: 3, which reportedly opened on 2,000 screens in 400 Chinese cities, has entered the Chinese top ten chart.

After storming the Turkish box office and becoming the only Indian film to get to the Turkish Top 10, Dhoom:3, Yash Raj Films (YRF) offering, has now entered the Chinese Top 10 Charts at number 9, said a statement from the film's production house.

Released on July 25, Dhoom: 3, which became the first Indian film to get widest release ever in China, came in with an impressive $1.35 million for the three-day weekend, beating the local Chinese romance No Zuo No Die.

With weekend admissions at 267,000; Dhoom: 3 takes a flying start and is on target to become the biggest Indian film in China.

Starring Aamir Khan, Katrina Kaif, Abhishek Bachchan andUday Chopra, the is directed by Vijay Krishna Acharya, who co-scripted with producer and YRF boss Aditya Chopra.

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News Network
May 25,2020

New Delhi, May 25: Sending out good wishes on the auspicious of Eid, actor Sara Ali Khan on Sunday shared a priceless childhood throwback picture, along with her picture from the current days.

The 'Simmba' star put out the cute picture on Instagram where she is seen clad in a pink hijab, while on the other hand, the second picture features the younger Sara as she is seen sporting a black dupatta while she tries to imitate the younger self.

Along with the picture, she wrote," Eid Mubarak," and urged people to stay safe by staying at home and urged them to stay positive amid the COVID-19 outbreak with "#staysafe #stayhome #staypositive."

The post on the photo-sharing platform garnered more than one lakh likes within an hour of being posted.

Lately, the 'Kedarnath' star has been keeping her fans updated on her quarantine activities by sharing pictures and videos of her quarantine activities.

Earlier, Sara took a trip down the memory lane and reminisced her graduation day by sharing throwback pictures from the ceremony.

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News Network
January 18,2020

Mumbai, Jan 18: Actor Shabana Azmi was injured in an accident on Saturday afternoon on the Mumbai-Pune Expressway in Maharashtra's Raigad district, an official said.

The incident took place around 3.30 pm near Khalapur, over 60 km from Mumbai, when the car in which she was traveling rammed into a truck, said Raigad Superintendent of Police Anil Paraskar.

She was rushed to MGM hospital in Navi Mumbai and was undergoing treatment, he said.

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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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