PVR - Some Respite From Pandemic Woes, But OTT Overhang Persists: Motilal Oswal
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Motilal Oswal Report
After remaining severely impacted for nearly a year, weighed by the Covid-19 disruption, the cinema industry’s plea has finally been heard by the central government – cinema operators are now allowed to operate their screens with 100% occupancy.
Although it would take some months for operations to commence entirely (as many states are still restricting occupancy to 50%), the silver lining is that the release of some fresh content in the regional markets has shown good traction.
Moreover, the content pipeline looks strong, with many big banner movies (initially scheduled for release in CY20) awaiting release, including the recent announcement of the Salman Khan starrer ‘Radhe’ in May 2021.
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