Hotline: 1800 102 2007
Hotline: 1800 102 2007
Jun, 14 2019

Ajay Devgn’s NY Cinemas to invest Rs 90 crore to expand screens in FY20

These screens will get installed across markets including tier 1, 2 and 3 cities.

Ajay Devgn’s NY Cinemas to invest Rs 90 crore to expand screens in FY20

NY Cinemas LLP, the cinema exhibition company owned by actor Ajay Devgn, is looking to invest between Rs 80-90 crore to build up to 45 screens in FY20. These screens will get installed across markets including tier 1, 2 and 3 cities, with the first one being launched in Ratlam, Madhya Pradesh. 

Rajeev Sharma, CEO, NY Cinemas, said, “There has been a need for good cinema theatres across the country. While there are many options in metros, there is a dearth of good cinema theatres in tier 2 and tier 3 cities. At the same time, we also plan to open some screens in metros.” 

“While the economics will change from market to market, like other players, we will also build a revenue stream around food and beverage. To build food and beverage section, we plan to join forces with local players,” he added. 

The company is eyeing to create theme-based theatres. It is claiming that these theatres will have the old world charm borrowed from the era of single screens, coupled with new age technology and viewing experience offered by multiplex operators.

Apart from North and West India, NY Cinemas is now planning to foray into the South market, including Karnataka, Telangana and Andhra Pradesh.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Tea And Coffee Chain
    Chaubara is born out of common meeting place in a quintessential Indian villages..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2021
    Investment size Rs. 10lac - 20lac
    Space required 50
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Grexter redefines living accommodation for the young with Co-living Hostels..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2021
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Ad Agencies & Collection Centres
    About Us:  SignageGO is India's leading Hyper Local Advertising company, facilitating..
    Locations looking for expansion telangana
    Establishment year 2015
    Franchising Launch Date 2019
    Investment size Rs. 10000 - 50000
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater hitech telangana
  • Tea And Coffee Chain
    The Coffee Bean & Tea Leaf, a chain of coffee..
    Locations looking for expansion Maharashtra
    Establishment year 2008
    Franchising Launch Date 2020
    Investment size Rs. 50lac - 1 Cr.
    Space required 700
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities