Kangana Ranaut REACTS To PVR INOX Suffering Loss Of Rs 333 Crores; 'This Is Not Good For Film Industry, Watching Films In Multiplexes Have Become Expensive’
Kangana Ranaut reacts to the leading cinema exhibitor PVR INOX suffering a huge loss of Rs 333 crores in the fourth quarter!
Bollywood’s undisputed queen Kangana Ranaut is very active on social media, be it any affair political, social, or related to the film industry, she never shies away from expressing her opinions. In her recent tweet, the actress reacted to trade analyst Girish Johar's post informing that the leading cinema exhibitor PVR INOX reported a loss of net worth of Rs. 333 crores in the fourth quarter that ended on March 31 this year. Ranaut, while raising her concern, stated that this is not good for the film industry.
The trade critic tweeted, “Dreaded #BoxOffice is sparing no one... Reportedly, #PVRInox has reported a loss of 333crs aprox in Q4FY23, adding to their earlier loss of 107crs, now they plan to close around 50 under performing cinemas in the next 6 months !!! #BOTrends.” Re-sharing his post, the Tanu Weds Manu actress wrote, “We need more theatres in the country… we need more screens, this is not good for the film industry… having said that watching films in the multiplexes have become very expensive, going with friends /family means a significant part of a middle class person’s salary … something needs to be worked out …” ALSO READ: Kangana Ranaut REFUSES To Buy Fake Followers On Twitter; Says She Doesn’t Want ‘Too Many People To See My Personal Communication With Fans’
We need more theatres in the country… we need more screens, this is not good for the film industry… having said that watching films in the multiplexes have become very expensive, going with friends /family means a significant part of a middle class person’s salary … something… https://t.co/HQsjen7DTq
— Kangana Ranaut (@KanganaTeam) May 15, 2023
In its statement, PVR INOX announced to shut down approximately 50 cinema screens over the next 6 months due to due to accelerated depreciation on cinemas proposed to be shutdown. The statement read, “The company plans to shut down approximately 50 cinema screens over the next 6 months. These properties are loss making, or housed in malls which have reached the end of their life cycle with little hope of any revival. The company has taken an accelerated charge of the depreciation in its books and written off the WDV of assets.”
Meanwhile, on the professional front, Kangana is all set to ablaze the silver screen with her next ‘Emergency’ where she plays the role of late Prime Minister Indira Gandhi. The actress has left no stone unturned to get into the skin of her role to justify it. Directed by Ranaut only, the biopic also stars Anupam Kher, Shreyas Talpade, Mahima Chaudhry, and Milind Soman in pivotal roles. It will release on 20th October 2023.
