The nation's multiplex industry is all set for an unprecedented boom buoyed by positive regulatory changes and booming consumerism. Multiplexes /megaplexes have been instrumental in contributing 28 percent of the total theatrical sales for the film industry according to a report by Systematix Institutional Research, said Sandeep Marwah Director Asian Academy Of Film And Television .Industry experts estimate that top six multiplex chains have plans of 300-500 screens each by FY-2010.
DLF, a leading real estate player in the country, plans to invest US$ 298.12 million for the expansion of its multiplex business,informed Marwah. The company has planned to add at least 500 screens in the next four to five years across the country.
Entertainment conglomerate Adlabs Cinemas has drawn up a plan to build 12 megaplexes in India where you can not only see movies but also cricket and soccer matches on screen.
Multiplex chain PVR Cinemas, which currently has 92 screens, is also planning to add over 150 screens across India, staggered over a period of three years from 2008-2010, with a total investment outlay of around US$ 71.55 million.
Cinemax India, the multiplex chain which currently has 55 screens over 17 properties across the country is planning to scale up its presence to 299 screens across about 100 properties by fiscal 2010 .
Sandeep Marwah who is also the Chairman of Media and Entertainment Committee of Indo American Chamber of Comerce added that there is a huge scope for Media Managers to work in this part of the industry and their future is secured.He said that Asian Business School is taking care of the demands of this Industry.
