Multiplex players worried by the announcement of Geo Premium Services

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Ahmedabad. August 14, 2019, Tuesday

Shares of the listed company in the sector were broken as Mukesh Ambani's announcement on Geo Fiber Premium Services made the multiplex industry confused.

Until the middle of next 3, customers will be able to watch the movie being released in the theater at home sitting through the Geo Fiber Premium service. Thus, after the announcement of Reliance, multiplex players of the country are worried.

According to multiplex indu sources, currently no film is released on multiple platforms on the day it is released in multiplex. That is, no channel, DTH, OTT, is being released on the same date. There is a gap in the release date between other platforms and multiplexes. 1 crore. The theater box office accounted for 5%. Thus, multiple movie theaters account for 5 to 5% of the revenue of any movie.

On the announcement of the premium service by Reliance, the multiplex industry expressed concern that the multiplex revenue would be adversely affected due to this service. Which has a direct impact on the entire industry.


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