Photograph:
Francis
Mascarenhas/Reuters
For
those
who
love
the
theatre
experience
of
watching
movies,
here’s
some
bad
news.
PVR
INOX
plans
to
shut
down
70
non-performing
screens.
According
to
a
report
in
the
Economic
Times
newspaper,
PVR
INOX
plans
to
go
for
potential
monetisation
of
non-core
real
estate
assets
in
prime
locations
in
Mumbai,
Pune
and
Vadodara.
Last
month,
Mumbai’s
iconic
Paradise
cinema
shut
down
due
to
lack
of
audiences;
news
reports
indicated
that
the
land
on
which
Paradise
—
which
was
built
in
1940
—
stands
will
turn
into
a
car
parking
zone.
PVR
INOX
will
add
120
screens,
the
Economic
Times
report
added,
of
which
40
percent
of
the
screens
will
be
located
in
South
India.
