PVR INOX, the largest and the most premium cinema exhibitor in India is set to redefine the cinematic landscape in Mumbai with the inauguration of its first standalone IMAX with Laser theatre in Mumbai at INOX EROS, Churchgate. This marks a significant upgrade of the 86-year-old iconic heritage EROS cinema, transforming it into the city's ultimate destination for an immersive and technologically advanced cinematic experience. The state-of-the-art cinema with 305 seating capacity will feature IMAX® with Laser technology, a next generation laser projection and multi-channel sound system exclusive to IMAX theatres for a truly immersive experience.
With the addition of INOX EROS, this will be PVR INOX's 5th IMAX Screen in Mumbai and the 23rd in its national circuit further strengthening the footprint of the company in Maharashtra with 253 screens in 53 properties. In West India, the total count grows to 346 screens in 78 properties, reiterating the brand's commitment to providing unparalleled cinema experiences to audiences across the region.
IMAX with Laser is set apart by its 4K laser projection system featuring a new optical engine and a suite of proprietary IMAX technology that delivers crystal clear images, increased resolution, deeper contrast as well as the most distinct, exotic colors ever available on-screen. Its giant screen, laser-aligned speakers, and patented DMR technology redefine the movie-going experience, making one feel like they are living the story themselves.
Commenting on the announcement, Mr. Ajay Bijli, Managing Director, PVR INOX Limited, said, "As a leader in the cinema exhibition industry, PVR INOX is transforming the movie-going experience for audiences across India. We are extremely proud to play our part in the revival of the iconic cinema, EROS, Mumbai which truly represents the aspirations of evolving cinema audiences. The reopening of the heritage cinema marks a significant milestone introducing the world's most immersive movie experience for the people in South Mumbai".
The cinema has seamlessly integrated the grandeur of the original art deco design with the awe-inspiring scale of IMAX. The lobby evokes a Broadway-esque ambiance; where branding becomes an integral part of the décor, leading to a compact yet dynamic space featuring a live cooking food counter as the central highlight. Heritage elements like bas-relief sculptures and intricate patterns are skillfully inter-woven into the contemporary design, creating a timeless masterpiece that breathes new life into the beloved landmark.
"For generations, EROS cinema has stood as a symbol of cinematic entertainment in the heart of Mumbai. Now, by integrating IMAX with Laser technology, we seamlessly blend the rich history of this iconic cinema with the cutting-edge brilliance of IMAX. At PVR INOX, we aim to elevate the cinematic experience and making it engaging for movie-goers that cannot be replicated at home. We extend a proud invitation to Mumbaikars to rediscover the magic of cinema once again at INOX EROS", said Mr. Sanjeev Kumar Bijli, Executive Director, PVR INOX Limited.
Mumbai's Finest Flagship Destination, EROS has been a premier landmark in South Mumbai for over 80 years. The 1930's saw the birth of Eros and a New Bombay playing host to numerous star studded gala opening which now as a Mumbai catchment caters to the affluent Mumbai consumer. The Eros redevelopment plan comprised of restoration of the façade to bring back it old opulence and revamping the internal spaces to suit the needs of modern retail.
Speaking on the opening of the IMAX Cinema as part of the EROS redevelopment, Mr. Vinay Khandelwal Metro Realty Group said "Built by the Cambata Family, in 1938, Eros holds a place in the hearts and minds of millions of Mumbaikars and has come to represent the vibrant crossing on which it stands. After successfully restoring iconic heritage properties Metro Mumbai and Metro Kolkata, we are extremely proud to bring Eros back to prominence in a modern avatar while celebrating its glorious heritage. Now with the INOX IMAX theatre, South Mumbai's first and a world first in a 88 year old heritage building spread over three levels with high-end foyers, concession areas and lounges, theatre and retail patrons would experience the benefits of an integrated shopping and entertainment venue."
Shares of PVR Limited was last trading in BSE at Rs. 1404.85 as compared to the previous close of Rs. 1430.00. The total number of shares traded during the day was 143807 in over 4343 trades.
The stock hit an intraday high of Rs. 1439.00 and intraday low of 1385.00. The net turnover during the day was Rs. 202413447.00. |
