Latest news with #KarnatakaCinemas(Regulation)(Amendment)Rules
News18
2 days ago
- Business
- News18
PVR Inox Shares Dip 2% After Karnataka Govt Proposes To Cap Ticket Prices To Rs 200
Shares of PVR Inox declined 1.8% on the BSE on Wednesday, July 16, following a major announcement by the Karnataka government PVR Inox Share Price: Shares of PVR Inox declined 1.8% to an intraday low of Rs 972.50 on the BSE on Wednesday, July 16, following a major announcement by the Karnataka government. The state has introduced new regulations under the Karnataka Cinemas (Regulation) (Amendment) Rules, 2025, which propose capping movie ticket prices at ₹200, inclusive of entertainment taxes. The move is aimed at making cinema more affordable and accessible to a broader audience across Karnataka. The government's decision directly addresses long-standing complaints from moviegoers about high ticket prices, especially in multiplexes. As per the notification, all multiplexes and cinema halls in the state have been given a 15-day deadline to comply with the new pricing rule. While the policy is expected to benefit consumers, it poses significant challenges for the business models of multiplex operators like PVR Inox. The regulation may force cinema chains to reconsider their pricing strategies, revise promotional campaigns, and explore alternative revenue streams such as food and beverage sales to offset potential losses from reduced ticket prices. As one of India's largest cinema exhibitors, PVR Inox could face margin pressures in Karnataka, a key market. The company may also need to adapt its operational strategy to maintain profitability under the new regime. In terms of stock performance, PVR Inox has faced considerable pressure over the past year. The stock is down 32.22% on a one-year basis and has declined 24.88% year-to-date. Over the past six months, it has fallen 8.75%. However, it has shown signs of recovery in the short term, gaining 4.66% in the last three months and 3.59% over the past month. On Tuesday, ahead of the announcement, shares of PVR Inox had closed 1% higher at Rs 989.95 on the BSE. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
NDTV
3 days ago
- Entertainment
- NDTV
Karnataka Issues Draft Notification To Cap Movie Ticket Prices At Rs 200
Bengaluru: The Karnataka government on Tuesday issued a draft notification proposing amendments to the Karnataka Cinemas (Regulation) Rules, 2014, introducing a cap on cinema ticket prices across the state. The draft rules set a maximum ticket price of Rs 200 per show, inclusive of entertainment tax, for all films and theatres regardless of whether they are multiplexes or not, regardless of the film's language. The proposal comes under the Karnataka Cinemas (Regulation) (Amendment) Rules, 2025, and was released by the Home Department in exercise of the powers conferred under Section 19 of the Karnataka Cinemas (Regulation) Act, 1964. As per procedure, the draft is being published for public input, and any objections or suggestions are invited within fifteen days from the date of publication in the Official Gazette. "In rule 55, in sub-rule (6), the following proviso shall be inserted... 'Provided that the cost of the ticket of each show in all theatres of the state, including multiplexes, for all language films shall not exceed Rs . 200 inclusive of entertainment tax," the draft notification read. Additionally, the proposed amendment includes the omission of Rule 146 from the existing 2014 rules. "In the said rules, rule 146 and the entries relating thereto shall be omitted," it said.
The Hindu
3 days ago
- Entertainment
- The Hindu
Karnataka issues draft notification on capping cinema ticket prices at ₹200
The State government on Tuesday issued a draft notification on capping cinema ticket prices at ₹200. This applies to each show in all theatres of the State, including multiplexes for all language films, inclusive of entertainment tax, said the draft. The draft notification has been issued amending the Karnataka Cinemas (Regulation) Rules, 2014. The new rules will be called the Karnataka Cinemas (Regulation) (Amendment) Rules, 2025. The government has given a notice of 15 days to those likely to be affected by this notification. The draft will be taken into consideration after 15 days from the date of its publication in the Official Gazette, the notification stated. 'Objections and suggestions should be addressed to the Additional Chief Secretary to government, Home Department, Vidhana Soudha, Bengaluru - 560 001,' the notification stated. Budget promise While discussion on capping cinema ticket prices has been going on for long, Chief Minister Siddaramaiah had in the Budget for 2025-26 announced that the cost of the ticket of each show in all theatres of the State, including multiplexes, would be capped at ₹200. The Congress government during its previous regime had announced in the 2017-18 Budget that uniform ticket prices would be fixed in all cinemas. A Government Order was also issued on May 11, 2018. However, the order was withdrawn following a court stay. In this year's Budget, the Chief Minister also announced that the State would develop a multiplex movie theatre complex under Public Private Partnership (PPP) on 2.5-acre land owned by the Karnataka Film Academy at Nandini Layout in Bengaluru. An OTT platform would also be created by the State government to promote Kannada movies, he had said. He had also announced that the cinema sector would be given the status of an industry and the facilities provided under the Industrial Policy would be extended to the cinema industry by the State government.
