March, June quar­ters may see high rev­enues as films like Alice in Won­der­land 2 and Zootopia will be re­leased

The Economic Times - - Smart - Rajesh.Naidu@ times­group.com

ET In­tel­li­gence Group: In the past few years, a large num­ber of ‘spec­ta­cle’ films are prov­ing to be guar­an­teed money-spin­ners for pro­duc­ers and mul­ti­plexes. Films such as se­quels of Avengers and Fast and Fu­ri­ous and back home, Bahubali, have boosted box of­fice col­lec­tions. Un­like films in other gen­res, which can be con­sumed on a mo­bile or TV, the sheer ex­pe­ri­ence of the scale and the vi­su­als of th­ese films in the­atres has been a pri­mary rea­son that th­ese films have recorded huge col­lec­tions at the box of­fice.

For mul­ti­plexes, the March 2016 and June 2016 quar­ters are ex­pected to gen­er­ate high rev­enue growth given the strong line-up of big-bud­get English-lan­guage spec­ta­cle films. Films such as Dead­pool, Cap­tain Amer­ica: Civil War, X-Men: Apoc­a­lypse, Alice in Won­der­land 2, and Zootopia are ex­pected to boost rev­enue growth of mul­ti­plexes. In ad­di­tion, th­ese films are ex­pected to make up for the fewer big bud­get Hindi films that will be re­leased in a stag­gered man­ner over the year. One of the re­cent re­leases, The Jun­gle Book has al­ready fared well at the box of­fice by net­ting over ₹ 100 crore in ten days af­ter its re­lease.

Among movie ex­hibitors, PVR is es­ti­mated to have 30-35% of Hol­ly­wood films’ rev­enue share at the box of­fice. With a screen count of over 500, the mul­ti­plex leader is ex­pected to show high­er­growthinit­srev­enues­for­both March and June quar­ters.

BIG TICKET GROWTH

Inox Leisure with over 420 screens, gets 25-30% of its films’ rev­enue share from Hol­ly­wood fare. Ac­cord­ing to Bloomberg’s poll of an­a­lysts’ es­ti­mates, for the March quar­ter, PVR’s rev­enue is ex­pected to grow 31.5% to ₹ 390 crore while Inox’s rev­enue may jump 20.1% to ₹ 243 crore.

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