PVR Introduces Passive 2nd Gen 3D Screens at Selected Properties PVR Ltd, the largest cinema exhibition chain in India, is introducing 2nd generation 3D screens at selected PVR Cinemas. The light triple polarized 3D system aims to provide the most superior movie watching experience to movie lovers on account of brighter and better 3D effects. It also promises to bring high sharpness to the images with minimised image distortion. With this transformation, the cinema screens would have unique brightness and amazing light efficiency, elevating the 3Dpresentation to a new level at PVR. On the latest development, Gautam Dutta, CEO, PVR Cinemas said, "PVR Cinemas are known to bring the best for the patrons. We are the pioneers of bringing IMAX, ECX, online ticketing in the digital sphere of multiplex industry. Taking the legacy forward, we are now installing the 2nd generation 3D screens in our cinemas to give even greater impact of cinematic experience to our audience. With this new transformation we bring the new level of technological comfort and cinematic experience. PVR will install this technology at prime properties including: MGF Mall- Gurgaon, Select Citywalk- Delhi, PVR Juhu- Mumbai, PVR Kukatpally- Hyderabad, PVR Pavillion Mall- Ludhiana, PVR ElanteChandigarh and many more.
INOX's Net Profit Increases to 21 Crore in Q2 The Board of Directors of INOX Leisure Limited (INOX) announced its results for the second quarter of the financial year 2015-16. For the half year ended 30 September, 2015,
INOX reported a 41% increase in Income from Operations, from 498 crore to 704 crore. The earnings before interest tax and depreciation (EBITDA) amounted to 122 crore for the half year ended 30 September, 2015, registering an increase of 85% over the corresponding period in the previous year. Commenting on the results, Deepak Asher, Director & Group Head (Corporate Finance), INOX Group of Companies said, "The line-up of blockbuster content has led to an increase in footfalls, average ticket prices, and an overall increase in sales and profitability figures. With the opening of new properties and a continued pipeline of quality content, we hope to maintain the growth momentum in the forthcoming quarters and deliver a world class film viewing experience to our patrons, and enhance value to our stakeholders."
United Mediaworks Expands its Outreach with Increase in Ad Network United Mediaworks (UMW), the world's most secured digital cinema platform, continues its success story with their fast growing ad network and 1,10,000 seats per show. United Mediaworks gets its revenue from content processing charges, content distribution charges and advertising revenues. The company has added a feather in its hat with their growing ad network which is a positive sign for them. With this huge seating capacity per show and good occupancy level it makes a very cost effective proposition for advertisers to promote their brands in semi metro
cities as well as tier 2 and 3 cities and reach out to these upcoming towns. United Mediaworks recently screened election ad campaigns across its network. The company has been screening corporate ads and has lot of brands on board like LIC, Gillette, Fortune Basmati Rice, SBI Life, Rural Electrification Limited, Bajaj allianze, Chevrolet Enjoy, Manyavar, Emami, Tata Sky, Rupa, UTI and few more. Their ad network has increased tremendously over the last couple of months. Apart from corporate ads, the company has shown great support for social causes by showcasing ads for the same at highly subsidized rates across their network. United Mediaworks assists in digital content security and distribution of films at 512 bit encryption, to get the highest level of security system. Digibutor, the company's patented product, provides scalable technology based products and services aiming to support the media and entertainment industry in India. It allows download of an entire movie in its network cinemas in just 40 minutes through its "Smart Movie Download" feature. This distinctive feature not only helps to reduce time but also manual labour. Commenting on the growing ad network of United Mediaworks, Ashish Bhandari, Co-Founder and Joint Managing Director, United Mediaworks said "We are delighted to witness the daily growth with our ad network. It is a pleasure to view this kind of response to the dedication and hard work of our team. We strive to provide the best services with a high level of security and aim to be one of the top digital distribution services in India. With this kind of response and growth, I am sure the day is not very far when we will be the first partner of choice when it comes to digital content and distribution."
November-December 2015
TM-3