KSS, a digital and entertainment major, has chalked out a huge expansion plan for its miniplex business in Tier-II and Tier-III cities over next five years with an investment of Rs 90 crore along with its franchisees. According to its plan KSS will roll out over 180 screens covering almost 80 locations in the country in next 5 years.
The company is now expanding its reach in states like Gujarat, Maharashtra, Uttarakhand, Punjab, Chhattisgarh, UP, MP, Rajasthan and Goa. With this expansion plan, KSS is also expecting a quantum jump in its revenue. The profitability of the current portfolio (KSS Share) is around Rs 20 lakh per screen per year. At present, KSS miniplex is having presence in Gujarat, Maharashtra, Punjab and in Uttarakhand.
KSS Miniplex, a division of KSS was set up in 2010 with the objective of setting up miniplexs in a JV with the local partners, proposition includes planning, setup, screening, operations and marketing. The partnership entails a profit share of 50:50 with the owner of the miniplex.
KSS is having around 80 screens under various stages of implementation. 17 screens are already operational, and 13 more screens will be added by end of March 2015 and additional 50 screens by March 2016 and remaining will be added by March 2017. Beyond this list, the company is in the process of signing more MoUs for building up miniplexs.
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|---|---|
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| Saregama India | 340.60 |
| Shemaroo Entertain. | 104.59 |
| Balaji Telefilms | 95.18 |
| UFO Moviez | 73.35 |
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