PVR TO TAKE OVER SPI CINEMAS!

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India's leading multiplex chain PVR Cinemas, owned by Ajay Bijli, have reached a deal with SPI Cinemas and are all set to take over the chain of theatres within the next 2 years. This includes all their theatres like Palazzo, Escape, the iconic Sathyam Cinemas, The Cinema and S2 Cinemas in areas spanning Tamil Nadu, Karnataka, Kerala, Telengana and Seemandhra. The operations, however is expected to continue normally, without any change.

The deal is valued over 850 crore and PVR would acquire 71.7% stake in SPI Cinemas from shareholders. PVR is one of the most well establised multiplexes in India. It must be noted that SPI cinemas are also involved in distribution of films in Tamil Nadu.


SPI Cinemas currently have 76 screens all over India and this transaction will be done in one month and the other formalities will take an year. This, reportedly will make PVR's goal of having 1000 screens in India, come true buy 2020.

'SPECIAL SHOWS FOR SPECIAL MINDS' AT SATHYAM!

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Among the theatres in Tamil Nadu, SPI Cinemas has always been a pioneer when it comes to innovations. Right from concepts like Blind date, to Do Not Disturb shows, the organisation has always ticked the right boxes. Today, a new venture has been started by them, called as SENS Show. This is introduced in order to cater the needs of the differently abled community and make movies exclusive to all.


SPI Cinemas took to social media to announce this exciting and socially-aware project. "Everyone deserves to watch a movie.


Movies have the power to make us dream, help us listen to unheard voices and experience the world like never before!


What if we made it more inclusive?


For the first time in India, we’re delighted to bring to you - SENS, A Special Show For Special Minds.
 

A sensory friendly show curated for individuals with special needs, SENS provides a unique movie experience where sound levels are turned down for delicate ears and the lights are turned up.
There will also be a gluten free, sugar free and casein free menu available at our concessions!" 
said the post from the theatre group.


This is indeed a very heartwarming move by SPI cinemas to make movies inclusive to all sections of the society.

SPI Cinemas brought by PVR Cinemas for 850 crore

People looking for online information on PVR Cinemas, SPI Cinemas will find this news story useful.