Karnataka's movie ticket price cap: Movie goers may have to pay just Rs 200; how it will hit multiplex chains like PVR-Inox
Karnataka's government is proposing a Rs 200 price cap on movie tickets, impacting major cinema chains like PVR-Inox, which relies heavily on the state for revenue. This move could significantly reduce PVR-Inox's average ticket price and overall earnings, especially affecting premium formats in Bengaluru. The decision, following a previous attempt in 2017, faces potential legal challenges from theatre owners.
Karnataka's government is proposing a Rs 200 price cap on movie tickets, impacting major cinema chains like PVR-Inox, which relies heavily on the state for revenue. This move could significantly reduce PVR-Inox's average ticket price and overall earnings, especially affecting premium formats in Bengaluru. The decision, following a previous attempt in 2017, faces potential legal challenges from theatre owners.
