Our vision is to build, own & operate Multiple Miniplexes in tier B/C/D cities of the country with minimum sitting capacity of 150 to 200 seats and minimum of 2 screens.
The Indian film industry is the largest film industry in the world in terms of the number of films produced and admissions each year.
Revenue for 2010 was estimated at Rs.78 billion (US$1.5 billion), which was less than 1% of global film industry revenue and a fraction of the U.S. Film industry revenue, which was US$15.49 billion in 2010. (Source CII)
Indian film industry has produced more than 67,000 films in more than 30 different languages and dialects.
Nearly 80% of Indian Industry revenues come from Domestic and Overseas Theatrical.
This clearly signifies the onset and potential of Multiplexes/Miniplexes.
WHY MULTIPLEX / MINIPLEX
India currently has 12000 existing screens, 95% are standalone, single screens
The deteriorating quality of these cinemas dissuaded viewers and they started using alternative viewing options.
This gives multiplex operators enough room to grow as the traditional single-screen theatres do not have the financial wherewithal nor do they enjoy tax incentives.
Multiplex provide a quality viewing experience (Digital Quality).
More than 3.3bn tickets are sold in India annually, this makes us the most cinemas going population in the world. Even then, there are only ~12,000 screens operational in the country.
With the advent of Numbers of multiplexes, which provide better quality movie watching experience at a higher price compared to single screen theaters, more and more middle income group people are coming back to the theaters thus unlocking a latent demand.
All of the multiplex players combined are operating only ~500 screens at present, hence, we believe that even though there might be a case for overbuild in some pockets, overall there is enough scope for further screen supply.
We really understand the business; Our expertise and knowledge bring in 25 years of industry expertise and professional associations which is of par excellence.
In India, the number of screens per million of population is just 12 whereas the average in Western countries is 40.
India needs 120,000 screens to cater the entire cinema viewing population.
Urban consumers have increased their expenditure on leisure & entertainment. Simultaneously, the spending on eating out, movies, theater, books and music is increasing.
Film exhibition forms the most important component of the Indian film industry.
According to the - KPMG report domestic theatrical revenues contributes 57% of the total Rs59bn film industry revenues and are expected to grow at 17%. Overall, the Indian film industry is expected to grow at 16%.
Price-Waterhouse-Cooper prepared a report, which threw up some exciting figures that includes the truth that profits from Indian cinema has arisen by 17% between 2009 to 2012.
Over the next 36-60 months, 6 of the largest multiplex operators in India mentioned earlier are likely to commercialize approximately 1000-1550 screens spread across 300~500 new multiplexes.
There will also be an increase in number of multiplexes operated by smaller players, who constituted 66% of total multiplexes as of march 2015.
These multiplexes will have significant direct positive impact on the business economics of film production, financing, distribution and exhibition and indirectly on other ancillary markets. (Source: Yes bank)
For more info please contact us. Our business plan with 10 years of P&L is ready for discussion.