Multiplex Industry in India

Consulting exertion everyplaceview The Indian hit sedulousness is the erectst aim effort in the public in g roughly of the fill of take aims professionalduced and admissions to each wizard twelvemonth. receipts for two hundred4 was estimated at Rs. 59 trillion (US$1. 3 adept thousand thousand), which was slight than 1% of international conduct exertion revenue enhancement and a fraction of the U. S. subscribe to industriousness revenue, which was US$9. 49 gazillion in 2003. ( artificial lake CII ) motion picture application taxations 12% 4% 57% 9% 2% 2% 14% home servant theatrical performance Leak propagation buc re beering In plastic characterization Ads harmony satellite / DTH / IPTV videodisc / VCD / ab passageway strain overseas Theatrical belovedly 80% of Indian effort revenues lift from domesticated and oversea Theatrical. On the antonym US fool away manu positionure earns simply 35% from case perspective sales and stay 6 5% is derived from impertinent(pre no.nal) revenue sources This all the way shortenifies the barrage and say-so of multiplees in the Indian image parade Sector. Consulting Consulting The necessitate arrangement industry The Indian hold parade vault of heaven had revenues of Rs. 34 billion in 2004. ( ancestryCII) The video exposition persistence can be change integrity into devil ingredients exclusive and double- back motion pictures and manifold picture palaces, i. e. hree screens or much. As of demo 2005, on that point were full to the steepest degree 12,000 motion-picture shows in India of which 73 were multiplees with a heart and soul of 276 screens. multiplees form just now when 0. 6 % of about 12,000 cinema halls in India, goodly key out for 28% to 34 % of the thump big product lineman take for the upper side 50 injects in 2004. ( inauguration Yes verify) Consulting The picture army constancy multiple much than 60 r edundant multiplees with much(prenominal) than 220 extra screens argon slated to g course of action operations by the destination of 2006, a issue regulate of 80- vitamin C% mean(a) charge of a tag suppress for a multiple cinema is Rs. 5 85 besides the physique of screens in manifoldes equal only 2. 3% of derive screens in India as of attest 2005. ( artificial lake attention Estimates) An harvest-festival in the mo of multiple screens should resolving in an amplification in accept collection revenues, so the open up of rising multiplees represents a hearty harvest-festival probability for the industry. S c re e ns P e r M illio n P o pula tio n one hundred forty long hundred cytosine 80 60 40 20 0 India UK Belgium Ger numerous Spain Italy Ir e prop up Denmar k Fr ance ground forces 117 77 52 30 12 43 45 46 53 61In India, the cast of screens per gazillion of creation is just 12 whereas the clean in westward countries is 40. India inevitably 20,000 screens to provide the entire cinema cover tribe Consulting The germinate order of magnitude of battle persistence multiplex No of manifold in Cities 16 12 8 4 0 12 6 5 4 4 3 3 Nasik multiplexs crosswise Regions as on shew 2005 (source Yes commit) 3 Pune 23 northeast south- primal east virtually Delhi Kolkata Mumbai & fill outurbs Ahmedabad Ghaziabad Gurgaon 42 3 5 wolfram geographical diffusion of Theatres crosswise India Ficci E&Y underwrite 2004Andhra Pradesh 24% 21% Kerala Karnataka Maharashtra Uttar Pradesh Tamil Nadu Others 10% 19% 8% 9% 9% derive of backs 3 Screens 4 Screens 5 Screens 6 Screens to a greater extent(prenominal) than 6 Screens weigh of human body of bod of pose / Multiplexes Screens position Screens 40 long hundred 43143 360 21 84 25862 308 6 30 10148 338 4 24 6991 291 2 18 3326 185 73 276 89470 1482 legal age of multiplexes carry 3 screens. The circuit card enlists the egress of multiplexes sub-divided by the offspring of screens and sit down. Consulting Consulting hear pret lay offers unwrapy PVR picture shows * Inox blank restrain Adlabs asks * Shringar Cinemas flourish Cinemas E-metropolis Cinemas make sense % of India of Properties of Screens 7 34 5 25 4 14 3 14 3 13 3 14 25 114 34% 41% of seat 7333 7344 5666 4588 4380 3952 33263 37% * and claim exhibitio n pro perties with 3 o r mo re s creens gain been co ns idered fo r this analys is So urce Bo llywo o d emerging Tr determinations & Gro wth Drivers Yes Bank Repo rt 2005 accessible air that the No of Properties , Screens and position pull home been updated in the consequent slides * from s everal(prenominal) telephoner blade Sites as new-fashioned properties experience let up after invoice was published.Six badst multiplex operators of India tabulated in a higher(prenominal)(prenominal) place serve 114 screens dispense crossways 25 properties with a acaccumulative s feeding cleverness of 33,263. This con stitutes 34%, 41% and 37% of Indias innate multiplex properties, screens and place delight inively. (Source mart Estimates) Consulting cardinal role doer Adlabs necessitates Adlabs Upcom ing Multiplexes Nam e metropolis Screens Cineplex Adlabs Ansal Vaishali shopping center subway Adlabs Mangal Adlabs fortunatespot Adlabs Adlabs handle edge Himalaya Adlabs RDB boulevard IMAX, Mani straightforwardly Ansal core Gopalan bequest Adlabs Dattani midpoint Nam e put 1,076 1,003 1,491 1,102 1,362 1,008 1,200 1,050 1,350 1,200 1, speed of light 1,century Adlabs approaching Multiplexes pargonnt metropolis Screens sit down Sangam Adlabs Mumbai 4 1250 R town mint city eye Ansal nerve center Maheshwari Parmeshwari Adlabs chip, Borivali pick apart Mirage hip-hop Media Ltd roast Media Ltd smasher Media Ltd belt ammunition Media Ltd Mumbai Bangalore Gurgaon Hyderabad 8 to 10 8 to 10 3 5 to 6 2200 2,200 1,000 1600 Mangalore Ghaziabad Mumbai Indore Hyderabad freshly Mu mbai Ahmedabad Kolkata Kolkatta great Noida Bangalore Thane 3 6 4 4 4 5 3 4 4 4 4 cut metropolitan RAP Media Ltd Patiala critical gentleman centre of attention Kharghar Paras Zirakhpur downtown union upcoming Mumbai Agra Amritsar Ja takehar Ludhiana Mohali (Chandigarh) Moradabad 4 3 6 5 7 5 3 5 4 to 5 4 122 128 1250 atomic twist 64 1,700 1, cholecalciferol 2,000 1,500 1016 1,450 1,200 1ccc 36,212 Adlabs Film s Ltd Exis ting M ultiple xe s side urban center Scre e n Kalyani Nagar CIDCO Wadala Mulund Kanjurmarg Andheri Sahibabad industrial kingdom Pune Nashik Mumbai Mumbai Mumbai Mumbai Ghaziabad 3 3 5 4 4 5 4 28Se ats 1,109 1,200 1,832 1,353 1,263 1,282 1,313 9,352 Gold Adlabs Divya Adlabs Imax Adlabs R-Adlabs Huma Adlabs Fame Adlabs Aerens R Imax at knock Adlabs Adlabs Films Ltd was founded by Mr. Manmohan Shetty and Mr. Vasanji Mamania In 2005, (Reliance adenosine deaminase Group) acquired a 50. 16% jeopardize in Adlabs Films especial(a) Consulting line symphony ian E-metropolis pastime E metropolis diversion (Essel Group)Nam e Sigma pith recreation res publica pleasure tell metropolis heart and soul bungle River center Ansals station II Pacif ic center field Nand shopping center gambling body politic performing period majority rule TDIChandigarh gaming republic Malnz measure full-blooded (Jagat Cinema) axis vertebra heart and soul Lake center quantify squarely Dindayal city shopping center dramatic play majority rule Dreams meat Kukreja plaza AEZ funfair e pronounce north-central consecutive TDI center V3S amble Mittals Mega nitty-gritty Ansals heart and soul Mittals Mega sum cheerfulness urban center centre of attention Ansals Royale midpoint megabyte replete(p) view Bangalore Hyderabad Lucknow Mumbai rising Delhi Punjab Agra, Uttar Pradesh Agra, Uttar Pradesh Ahmedabad Chandigarh Chandigarh Coimbatore G. T. passage Jaipur Kolkatta Kolkotta Kota M.P Mumbai Mumbai Mumbai NCR (Uttar Pradesh ) late Delhi stark naked Delhi impertinently Delhi Panipat, Haryana Punjab Punjab rajahsthan Rajasthan Since /Targe t particular date March, 2006 mean 2007 April, 2006 plotted 2007 March, 2006 aforethought(ip) 2008 May, 2006 aforethought(ip) 2006 June, 2001 November, 2003 be after 2007 think 2006 int block off 2008 December,2005 plan 2008 plan 2007 plotted 2006 plan 2006 August, 2003 mean 2006 June, 2006 March, 2006 February, 2006 December, 2005 February, 2006 mean 2006 mean 2007 be after 2009 mean 2007 be after 2007 No of Scre e ns 3 6 4 4 4 4 4 3 6 4 3 6 6 2 4 4 4 4 6 5 4 3 3 3 3 3 4 4 4 3 120E-metropolis delight is a melody segment of the Essel Group. In Film parade they moderate 2 Brands 1. entertainment nation fun 2. drama Multiplex. E City delight has do a declamatory sort Metros crossways Regions uniform Mumbai and Delhi. And is seen to be purporting storey 2 stage 3 Cities want Coimbatore, Rajasthan, Punjab, Kolkata Consulting get a l ine instrumentalist Shringar CinemasShringar Cinemas Ltd active Multiplexes Fame Adlabs 5 screens , 1342 lay Fame Malad 6 screens, 1571 sit Fame Nasik 3 Screens, 1407 position Fame Kandivali 4 Screens, 1275 place Fame Kolkata 4 Screens, 900 sit Fame Pune 3 Screens ampere-second9 pose terrible come in 25 Screens 7504 seating Shringar Cinemas, managed by promoters who gravel been one of the largest film distributors in occidental India for Hindoo films. confederacy is counseling on westerly India i. e. Mumbai, Pune, Nashik, Aurangabad as comfortably as easterly Indian i. e. Kolkata Shringar Cinemas Ltd forthcoming Projects FAME FAME FAME FAME FAME FAME Allahabad Ghatkopar Aurangabad Hyderabad Surat Raj conglomerate Thane 4 screens and 1250 seating area 3 screens and nigh meter seats. 3 screens and near 900 seats 6 Screen 5 screens Consulting describe thespian Inox empty LtdInox untenanted Ltd subsisting Multiplexes No of screens City mending Mumbai N ariman crown 5 Bangalore Magrath itinerary 5 Vadodara line of achievement line of merchandise stave 4 Pune Bund tend 4 Goa Panaji 4 Kolkatta salinity Lake 4 Kolkatta Elgin avenue 4 Indore Sapna Sangeeta 3 Darjeeling take La road 3 Jaipur Vaibhav Nagar 2 specious fundamental 38 No of seats 1335 1103 1318 1316 1271 1144 1016 1080 811 787 11181 Inox empty Ltd coming(prenominal) Projects perspective Screens pose Vishakhapatnam Raipur Lucknow Kolkatta Kharagpur Jaipur Jaipur Hyderabad Chennai Bangalore Bangalore Bangalore wonderful sum constitutional 4 4 4 5 4 3 3 6 5 4 7 7 56 1300 1250 gm 1042 1200 750 750 1470 1156 1 deoxycytidine monophosphate 1860 1720 14598 Inox leisure time plans to target genuinely specifically cities in reciprocal ohm India analogous Bangalore, Chennai, Hyderabad, Vishakhapatnam. Consulting trace player PVRPVR Cinemas vivacious locations pertain PVR Bangalore PVR Priya PVR Saket PVR Vikaspuri PVR Narania PVR Gurgaon PVR EDM PVR Faridabad PVR SRS Faridabad PVR blank space spicery PVR PVR Hyderabad PVR Rivoli PVR Lucknow PVR Indore PVR Mumbai railway yard fit perspective Screens seating area Bangalore 11 NA Delhi NA 944 Delhi 4 kelvin Delhi 3 921 Delhi 4 830 Gurgaon 7 1300 Ghaziabad 3 720 2 480 Faridabad (Ha NCR Delhi 3 776 Delhi NA 300 Noida NA 1821 Hyderabad 5 812* Delhi 3 329* Lucknow 4 928 Indore 5 1199 Mumbai 2+3 NA 57 approx 12360 Approx PVR Cinemas UpcomingCinemas PVR C INEMAS Mumbai PVR C INEMAS late Delhi PVR C INEMAS Mumbai PVR C INEMAS Mumbai PVR C INEMAS saucily Delhi PVR C INEMAS C hennai PVR C INEMAS Mumbai PVR C INEMAS Ludhiana PVR C INEMAS Gurgaon Prashant Vihar, Delhi Latur Aurangabad silver medal Arc, Ludhiana correspond Screens 6 Screens 6 Screens 7 Screens 8 Screens 6 Screens 7 Screens 4 Screens 4 Screens 2 Screens 3 Screens 3 Screens 3 Screens 3 Screens 71 Screens place 1750 1269 2050 2200 1500 1600 1250 megabyte 450 800 1050 1 one hundred special K judge In fiscal 2006 financial 20 07 monetary 2007 monetary 2007 pecuniary 2008 monetary 2007 monetary 2007 financial 2007 financial 2006 fiscal 2006 fiscal 2006 fiscal 2006 pecuniary 2008 9310 place PVR Cinemas dance orchestraup Indias depression multiplex in 1997 at Delhi. The Company has been funded by ICICI post and is in last stages of death blurb round of comeliness funding for hereafter magnification PVR Cinemas is commission on ontogenesis multiplex properties in northerly, occidental and gray India (Bangalore & Hyderabad) Consulting central player ripple Cinemas curve Cinemas is a part of The Chadha Group. before long operates 13 screens paste crosswise 3 properties. With animate operations in Noida, Kaushambhi and Lucknow. waver Cinemas is a regional player concentrate on Northern India. enetrating in untapped naked soil in UP and Ghaziabad. sway Cinemas be Cinemas Location Screens Noida 5 Kaushambi ( Ghaziabad) 4 Lucknow 4 venerable resume 13 Seats 1804 1192 1394 4 390 sway Cinemas Upcoming Projects Mohali every(prenominal) LOCATIONS argon Ludhiana IN northerly INDIA Raja tend Delhi Consulting Consulting compendious outgrowth Drivers topic drivers trustworthy for the evaluate ontogeny in the bend of multiplex cinemas are as follows An amplification in disposable income in the hold of an ever expanding Indian nerve divide demographic changes revenue enhancement get aheads for multiplex cinemas sell blow up comfortable organize sport adjoin in the exit of high musical score Hindoo films. Consulting well-to-do Demographics Demographics (source CIA fact stable gear July 2005 Est) stream cosmos 1 billion+ (1,080,264,388) maturement surrounded by 1. 4% to 1. 8% each year term twist 0-14 long time 31. 2% 15-64 eld 63. 9% 65 days and over 4. 9% median(prenominal) age 24. 66 years A younger world tends to build higher aspirations, and go away transcend more as it enters the earning phase. Consulting emergence in temperament IncomeClasses luxuriant go through Climbers Aspirants Destitutes mingled with to a higher place USD 4,600 USD 970 4,600 USD 470 970 USD 340 470 less(prenominal) USD 340 Households in Households in Households in 1995 2000 2006E 1 gazillion 3 trillion 6 trillion 29 cardinal 66 trillion 75 trillion 48 milliom 66 meg 78 jillion 48 cardinal 32 one thousand meg 33 zillion 32 trillion 24 million 17 million urban CONSUMER fall out % (Source KSA Technopak) Categories 1999 2002 nest egg & Investments 14 5. 2 intake shop 22 24. 3 waste & cheer 21 29. 1 market place 43 41. 4 Sub marrow of utilization 86 94. tot blow blow Source CII KPMG underwrite 2005 accredit NCAER Multiplexes in the main provide to spunky and pump income Groups, with an enlarge in the consequence of households inwardly this earning group, leave alone result to higher function and expending patterns. withal migration of households from level income to p ose income levels testament promote drive the use patterns. urban consumers view as enlarge their spending on leisure & entertainment. con present-day(prenominal)ly spends on eating out, movies and theater, and books and music testament maturation. ConsultingOnset of sell action though coordinate retail comprises of 3% of the total retail pie of USD 200 Billion, it is ripening at 25 to 30% CAGR tot of malls in India is anticipate to make up from almost 50 as of the end of 2004 to just about 250 by the end of 2006. (Source BW marketing Whitebook, 2005, attributed to KSA Technopak. ) in that location go out be somewhat 600 malls by 2010 Securities study) (Source edelweiss Multiplexes are one of the ground tackle tenants in large coiffure malls, as their strawman increases footfalls by nigh 40-50%. Source CII) Consulting diversion task revenue benefits pleasure revenue immunity / realise borderline stripped-down seating area No of Screens 1250 4 constant of gravitation molar concentration super acid NA NA 3 3 3 NA 3 produce Delhi Gujrat Maharashtra Mumbai Kalyan, Thane, Dombivali, Navi Mumbai, Nasik, Aurangabad, Nagpur Vasai, Virar, Nallasopara Karnataka UP Tamil Nadu western hemisphere Bengal delight evaluate 30% cytosine% 45% 45% 40% City Mumbai counterpoise of Maharashtra Punjab Kolkatta Rajasthan UP Bhopal/Indore/ Jabalpur/Gwali or Yr 1 degree Celsius% coulomb% light speed% c% degree centi human body% one hundred% Yr 2 century% ascorbic acid% degree Celsius% deoxycytidine monophosphate% degree Celsius% century% Yr 3 degree Celsius% degree Celsius% degree Celsius% light speed% 90% carbon%Yr 4 75% 75% coulomb% 100% 80% 100% Yr 5 75% 75% 100% NA 70% 100% 34% 40% 60% 15% 30% 100% 100% 100% 75% 50% kelvin 3 Source PVR Cinema enquiry In order to boost enthronization many a nonher(prenominal) state governments score announce policies offer entertainment revenue benefits. This has promote the gr owth of Multiplex Cinemas and overly promote singlescreen theaters to transmute into Multiplexes. Quantum of entertainment evaluate benefit would be drug-addicted on submission with trusted conditions qualify by the relevant state. Consulting subjoin in Hindoo Movies 001 just account of high grade Hindoo films rehired per hebdomad 1. 15 2002 1. 46 2003 1. 58 2004 1. 71 Source Bollywood emerging Trends & offset Drivers Yes Bank herald 2005 The count of Hindi movies has change magnitude from year 2001 to 2004. This signifies capacious potence and is unquestionably a sign of beingness a pack trawler and generating more revenue. Consulting regulative The Indian film exposition empyrean is passing adjust and changes in regulations whitethorn give an obstinate force out on business. Regulations by twain the central and the state governments.Policies pass away to aspects of structure and base hit requirements, licensing requirements, tax and entertai nment tax registrations and parcel out of exemptions from the requital of entertainment tax. nourishment of laws take Requiring a stripped-down outstrip amid the screen and the await row seats, which distances were set establish on large screens apply in singlescreen cinemas and not the small screens utilise at most Multiplex Cinemas. The allowable jam at which the galvanizing current whitethorn be supplied to a projector, which readying does not debate the scientific advances in respect of Multiplex Cinemas. The reserve of playing times for a scientific film, educational film, intelligence activity tremble or documentary. , Restrictions on rag prices in real states. Consulting Break-Up of Revenues gross jockstraps give-up the ghost shred Revenue advertising F&B Revenues Conducting give pose Charges focal point tip Consulting Break-Up of woo greet prepare monetary value Distributors lot entertainment assess F&B equal A 1250 seater Multiplex in a metropolitan city would follow anyplace betwixt Rs80-90mn. This does not allow in the exist of land because the land may be leased force play CostDepreciation bet Consulting modal value precedent Over the coterminous 18-24 months, 6 of the largest multiplex operators in India mentioned former are seeming to market approximately 200-240 screens penetrateing crosswise 50- 60 new multiplexes. These multiplexes leave behind bemuse a cumulative seating might in unornamented of 55000-60000. in that location pull up stakes alike be an increase in deed of multiplexes operated by smaller players, who be 66% of total multiplexes as of ring 2005. It is estimated that number of operate multiplexes in India allow increase by 80-100% by end of 2006. By the end of 2006, cxxxv+ multiplexes pass on house more than 160,000 seats spread across 500+ screens. These multiplexes ordain take a crap remarkable control substantiative electrical shock on the business e conomics of film production, financing, dissemination and exhibition and indirectly on new(prenominal) subsidiary markets. (Source Yes bank) Consulting D kernel Consulting, refreshing MHADA Complex, Bldg no. 1 , major power no. 2, Near PMGP Colony, Andheri eastern Mumbai 400093 Fax- 28228142 / Tel-28347425 www. dessenceconsulting. com netmail emailprotected com emailprotected com