Indian cinema chain warns it may run into issues if virus outbreak isn't under control in 3 months
due to the coronavirus pandemic has cut off revenue streams for the country's largest cinema chains.
, is likely to run into problems without government assistance, according to its chairman and managing director." on Wednesday. PVR says it operates around 821 screens in 70 cities across India and Sri Lanka. "It's more about liquidity management than profitability. It's difficult. The revenues are zero," Bijli said, pointing out that no one could have prepared for the pandemic. "I think the idea is only to be able to see through it, that it doesn't go beyond 2-3 months because after that liquidity can become a problem as well."Vehicles drive past the closed PVR Plaza cinema complex in New Delhi on March 13, 2020.PVR shares are down more than 47% year to date.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Indian Health Service Doctor Details Heavy COVID-19 Impact On Navajo NationNPR's Mary Louise Kelly talks with Dr. Loretta Christensen, Navajo Area chief medical officer at the Indian Health Service about the disproportionate impact of the coronavirus on Native Americans.
Read more »
This $150,000 pop-top camper truck sleeps 4 and goes fully off grid - Business InsiderThis truck-based camper with four-wheel drive, solar power, and two beds can allow adventurers to get away from it all — for $150,000, of course.
Read more »
Val Kilmer begged to be in ‘Top Gun’ sequel and other revelations from his new memoirVal Kilmer begged to be in the 'Top Gun' sequel, Cher helped him through his cancer scare and other revelations from the actor's new memoir.
Read more »
US coronavirus deaths top 42,000 – latest updatesAs global coronavirus death toll reaches nearly 170,000 people, here're the latest updates on Covid-19: - UN member states demand equitable access to future vaccines - US fatalities top 42,000 - Panama sees nearly 200 new cases Read more:
Read more »