Some reports suggested that the Ranbir Kapoor and Alia Bhatt starrer Brahmastra led multi-core loss to theatre chain PVR, making multiplexes suffer. Directed by Ayan Mukerji, Brahmastra Part One: Shiva is produced by Dharma Productions.
The Business Insider report said that the film’s negative reviews resulted in PVR and Inox together holding a loss of more than Rs 800 crore in market capitalisation.
PVR Cinemas CEO Kamal Gianchandani refuted such claims and said, “It amazes me, the false and negative info about @BrahmastraFilm on the internet and in the media. Is it a lack of understanding or is it intentionally designed to cast doubts? Just so that we don’t miss crucial FACTS, I can now confirm that @_PVRCinemas did 8.18 cr Net BO for #Bramhastra on day 1.”
Gianchandani further posted day 1 nett collections of recent hit films comprising :KGF 2′, ‘Bhool Bhulaiyaa 2’, ‘RRR’, ‘Gangubai Kathiawadi’ and ‘Sooryavanshi’ at PVR theatres. He said Brahmastra has been doing brilliantly in the PVR theatres. “The simple take-away is that the paying audiences are enjoying the film and spreading a positive word about it. #PVR is having a fabulous weekend which is so encouraging given the massive lineup of films over the next 3 months,” the CEO remarked.
For example shares of PVR fell after release of KGF 2, Bhool Bhullaiya 2, Pushpa & Spider-Man also in past.
This imaginary collection – share price link up is completely bogus. And sooner than later people need to see real numbers.
April 13: PVR – Rs 1947
April 14: KGF 2 release
April 17: PVR – Rs 1900
May 24 – PVR – Rs 1829
Bhool Bhulaiyaa 2 – BLOCKBUSTER
May 25 – PVR – Rs 1704
December 16, 2021: PVR: Rs 1,416
December 17, 2021: Spiderman: No Way Home & Pushpa released with bumper box office response
PVR: Rs 1364
December 20, 2021: PVR: Rs 1290