Two of India’s biggest cinema operators have announced a merger

2022-06-14 0 By

Two of India’s biggest cinema companies, PVR and INOX Leisure, said yesterday they would merge to create a giant cinema operator with more than 1,500 screens covering 109 cities as the entertainment industry recovers from the pandemic.PVR is India’s largest cinema chain with more than 850 screens, followed by INOX Leisure with about 650.The merger, which is subject to regulatory approval, will help the companies improve efficiency, expand into new markets and optimise costs, the two sides said.Beijing Youth Daily reporter Xiao Yang editor/Cui Wei