Multiplex chain Carnival Cinemas has opened a three-screen theatre in Indore, much like its peers, setting aside concerns about financial stress brought on by coronavirus pandemic and the uncertainty of audiences returning to theatres in the near future.Some months ago, Fun Cinemas, under parent Cinepolis, had opened a three-screen property in Gujarat, while Miraj Cinemas had launched in Raichur and is looking at opening properties in Delhi, Kolkata, Coimbatore and Hyderabad.
Meanwhile, PVR Ltd which just launched in Mysuru, plans to invest between Rs100 crore and Rs150 crore in setting up new properties.Also Read | The invisible hand in India’s stock marketMany of these were commitments made before the pandemic, said theatre owners and.