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Hollywood saves India's theatre chain
Credit: IndiaTimes- Published on August 1, 2023
India's biggest movie operator, PVR Inox, saw a rise in first-quarter revenue buoyed by international cinema. A struggling Hindi film industry, alongside the popularity of streaming services, made it challenging for traditional theaters to bring in more people. However, PVR Inox's Q2 net loss of INR816m ($9.92m) was down on Q1's...