Was able to speak to a gentleman who works in Multiscreen exhibition.
per him, “fully fitout and tied up” means its mostly plug and play excluding equipment , some movable furniture for food and beverage. he mentioned Rs2.5cr is an estimated total capital needed per screen including everything (quote “starting from 4 bare walled structure”), so the commentary from the management that its model is based on “fully fitout and tied up” and spend Rs2.5 cr per screen on top of it not consistent with competitors. He thought, “from here bringing up another 150 screens in another 1,5 years in a profitable manner, seems like stretched “
He being from the industry doubted if they have 160 screens already operating, he suggested to do a bit of research to confirm screens they have disclosed as operating, also suggestion was to speak to the owners of the properties if the rents were paid as agreed and on time.
The general caution was , when there is a large player, (PVR_INOX), distributors will have pressure from large player not to release on screens of smaller player. He said it can be big risk.
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