Key Highlights :
1. The merger of PVR and INOX has created a multiplex behemoth with 1,650 plus screens across 350 plus properties in more than 110 cities.
2. The rationale behind the merger was to achieve scale and improve operating efficiencies.
3. The integration process is going well and the focus is on improving margins through better capital and operating expenses.
4. There is a period of 12 to 24 months before the benefits of the merger are seen.
One of PVR-Inox's key priorities is improving margins through better capital and operating expenses. The integration process is going well, with a focus on synergies across revenue lines. The company is currently exploring ways to improve various aspects of its business, such as ticket prices, advertising revenue, and cost items. The COVID-19 pandemic and the rise of OTT platforms have changed viewing habits and created less tolerance for poor content.
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