Experts say some cinema chains have delayed expansion plans by two or three quarters. Limited cash flows will make opening of new properties impossible NEW DELHI : The closure of cinema halls, and suspension of film production and releases have put India’s multiplex industry under severe stress, delaying its expansion.
Exhibition industry experts said some chains have delayed plans by two or three quarters. Deliveries of equipment are stuck in transit and immediate financial restructuring is required.
Exhibition companies have already made requests to waive mall rentals. “The coronavirus has not just knocked down the entertainment industry in India but affected the entire world economy.