next month, a number of single screen theatres in India have decided to shut shop due to uncertainty around the film exhibition business.
Trade experts say more than 50% of India’s 6,327 single screens will find it difficult to restart business in the post pandemic world.Earlier this month, two iconic independent theatres in Chennai, AVM Rajeswari and Maharani, announced closures.
Known as the common man’s theatre, the two had served the working class population of the city with pocket-friendly ticket pricing, affordable food and beverage and minimal parking rates for more than four decades now.
The news came close on the heels of Sapna, another popular destination in Thrissur, Kerala, being sold off to a business group.
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