PVR Cinemas CEO Kamal Gianchandani Slams Reports Of Brahmastra Causing Loss Of Over 800 Crore To Theatre Chains

Gianchandani said Brahmastra has been doing brilliantly in the PVR theatres.

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

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