'Neerja' wins Best Picture; Rahman honoured for musical contribution

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.

New Delhi, Jan 2: Hoping her cinematic voice can help bring about lasting change in how society perceives acid attack survivors, actor Deepika Padukone says her latest film Chhapaak should ideally be so impactful that there won't be need for another story on acid violence.

After all, cinema is in itself such a powerful medium, Deepika told news agency ahead of the release of the film, which is based on the life of acid attack survivor and activist Laxmi Agarwal.

The idea behind the social drama is to invoke empathy and understanding rather than paint women who have undergone the ordeal as victims, the actor, who has also produced the film, said in a telephonic interview from Mumbai.

"Beyond the gruesomeness, the violence and all of that, there is a story of the human spirit and hope. That's why we're telling the story," she said.

Deepika, 33, said it was a story that spoke to her and she felt pride in attaching herself to the project.

Chhapaak, directed by Meghna Gulzar and featuring Vikrant Massey, is the second mainstream film to focus on the subject after 2019 Malayalam movie Uyare starring Parvathy Thiruvothu.

"I hope we won't have to constantly tell stories on acid attack survivors for us to see change. I hope with our film we begin to see that change for ourselves as a society and for acid attack survivors.

"If we don't, then we've done something wrong as a society. Cinema in itself is such a powerful medium that hopefully just through this one film we will hopefully be able to see that kind of change and impact," Deepika said.

The actor said there was not much planning behind the decision to back the film financially.

"Sometimes certain films need a little more hand holding, a little more love and support. I felt like I would be adding a little more value as a producer.

"This is a film I'm very proud of, not just from the script point of view but even in terms of the story and its message," she said.

The film, which releases on January 10, will be Deepika's first release in two years and comes after her marriage to frequent co-star Ranveer Singh.

The actor said she used the time to creatively replenish herself.

"It was about finding a film worthy of putting out there. It's not that work at my end had stopped. I was constantly looking for scripts that challenged and excited me.

"I would look at it as time for creative fertility. It's important to nurture yourself. The work that goes on behind the scenes... most often we're constantly on a film set, but whether it's meeting with writers and directors, looking for scripts... That is also part of the creative process and that's what I've been doing."

The title Chhapaak instantly evokes the image of acid being splattered, and Deepika said the director wanted a word for the film's name that could also lend itself to a song.

"I think she said 'chhapaak', which is the sound of a splash, is something that could adapt or lend itself beautifully to a song. Perhaps, it also has to do with fluidity. So on one hand, liquid is known to take different forms, a liquid such as this (acid) can change someone's life forever," she said.

Jul 6: Tony Award-nominated actor Nick Cordero, who specialized in playing tough guys on Broadway in such shows as Waitress, A Bronx Tale and Bullets Over Broadway, has died in Los Angeles after suffering severe medical complications after contracting the coronavirus. He was 41.

Cordero died Sunday at Cedars-Sinai hospital after more than 90 days in the hospital, according to his wife Amanda Kloots. “God has another angel in heaven now,” she posted on Instagram. “Nick was such a bright light. He was everyone’s friend, loved to listen, help and especially talk. He was an incredible actor and musician. He loved his family and loved being a father and husband.”

Nick Cordero entered the emergency room on March 30 and had a succession of health setbacks, including mini-strokes, blood clots, septis infections, a tracheostomy and a temporary pacemaker implanted. He had been on a ventilator and unconscious and had his right leg amputated. A double lung transplant was being explored.

Kloots, sent him daily videos of her and their 1-year-old son Elvis, so he could see them if he woke up, and urged friends and fans to join a daily sing-a-long. A GoFundMe page to pay for medical expenses has raised over $600,000.

“I tell him, I say, ‘You’re gonna walk out of this hospital, honey. I believe it. I know you can,’” she told “CBS This Morning” over the summer. ”‘We’re gonna dance again. You’re gonna hold your son again.’ My line is, ‘Don’t get lost. Get focused.’”

The lanky Cordero originated the menacing role of husband Earl opposite his estranged wife, played by Jessie Mueller, in Waitress as well as the role of Sonny in Chazz Palminteri’s A Bronx Tale. It was at Bullets Over Broadway where Cordero met his wife. The two married in 2017.

Cast members from “Waitress” — Jessie Mueller, Keala Settle, Kimik Glenn and songwriter Sara Bareilles — helped raise money for Cordero by covering his song “Live Your Life.” Sylvester Stallone sent a video with best wishes.

Kloots had said that it was difficult to tell whether Cordero understood what happened to him, but said he could respond to commands by looking up and down when he was alert.

Her husband played a mob soldier with a flare for the dramatic in Broadway’s Woody Allen 1994 film adaptation of Bullets Over Broadway, for which he received a Tony nomination for best-featured actor in a musical. He moved to Los Angeles to star in Rock of Ages.

On the small screen, Nick Cordero appeared in several episodes of Blue Bloods and Law & Order: Special Victims Unit, and he had a role in the film Going in Style.

Actor and guitarist for Bruce Springsteen, Stevie Van Zandt offered Cordero his first TV acting gig in the final episode of Lilyhammer. After he was hospitalized, Van Zandt teamed up with Constantine Maroulis and Vincent Pastore to make a video performing “Live Your Life.”

Cordero was last onstage in a Kennedy Center presentation of Littler Shop of Horrors. His off-Broadway credits include The Toxic Avenger and Brooklynite.

The coronavirus has sickened other Broadway veterans, including the actors Danny Burstein, Tony Shalhoub, Brian Stokes Mitchell, Gavin Creel, Aaron Tveit and Laura Bell Bundy as well as composer David Bryan. It has also claimed the life of Tony-winning playwright Terrence McNally.