NSE:PVRINOX management interview: PVR INOX Launches 'smart'; Ajay Bijli's Plan For Bharat | N18V | CNBC TV18
CNBC-TV18, 2026-08-09. Video: https://www.youtube.com/watch?v=GDrAf96SOHU
- Smart Cinema rollout: PVR has identified nearly 300 emerging cities for its new Smart Cinema format, launching initially in locations such as Muzaffarpur, Rampur, and Barrackpur to capture latent demand in smaller markets.
- Format cost structure: Smart Cinemas reduce capex to ₹1.9 crore per screen alongside lower electricity, space, and manpower costs, allowing ticket prices to be set 25% to 35% below standard multiplex rates.
- Box office momentum: Supported by a broad multi-language film pipeline, India's box office has grown 20% this calendar year and surpassed pre-COVID levels as structural disruptions like Hollywood strikes ease.
- Hollywood promotional focus: With nearly 1 billion tickets sold across 1,980 releases annually and domestic films controlling 85% to 88% of box office revenues, Hollywood studios are increasingly deploying top talent to India to expand market share.