Cineline India, one of the most renowned real estate players in MMRDA region is re-entering the film exhibition business and will launch the same under a new brand in Q1 FY23. The Company will grow the Film exhibition business in due course of time by acquiring theater properties Pan India on a lease basis.
Post relaxation of lockdown restrictions and patrons returning to theaters, there is a huge opportunity in this space with a large lineup of Bollywood, Hollywood, and regional content pipeline in place till the next year.
The Company was present in the film exhibition business through its ‘Cinemax’ Brand since 1997. In 2012, the Company sold its multiplex business along with Cinemax Brand to PVR under a non-compete clause which has already ended. Further, the Company had leased out 9 properties with 23 screens to PVR under leave and license agreements on which Multiplex operations were run by PVR.
Cineline India is one of the most renowned real estate players in MMRDA region.
