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Jawan

Box Office Set to Break Records in 2023, Aiming to Cross ₹12,000 Crore Mark

News on MEA 25th Sept 2023 ArdorComm Media Group Box Office Set to Break Records in 2023, Aiming to Cross ₹12,000 Crore Mark

Box-office collections in 2023 are on track to exceed ₹12,000 crore, according to the latest report from Ormax Media. The total box-office earnings for the first nine months of this year have reached ₹8,798 crore, marking a 6% increase over the same period in 2022. This year is anticipated to become the highest-grossing ever, with the potential to cross the ₹12,000-crore milestone, primarily due to the upcoming releases of movies like Tiger 3, Salaar, and Dunki. In 2022, the gross box-office collection amounted to ₹10,637 crore, as reported in a previous joint study by GroupM-Ormax Media. Shah Rukh Khan’s film “Jawan” emerged as the most successful movie of the year, raking in ₹733 crore, followed by “Pathaan” with ₹646 crore. “Gadar 2” was the only other film to surpass ₹500 crore, with earnings of ₹614 crore. Additionally, “Jailer” and “Adipurush” managed to collect ₹397 crore and ₹331 crore, respectively. Box office success continued in 2023, with movies released in September generating ₹13.53 crore, marking the fourth month this year to surpass the ₹1,000-crore mark. The month of August witnessed the highest box office collections, with earnings totalling ₹1,610 crore. Notably, gross box-office collections for January and June reached ₹1,388 crore and ₹1,073 crore, respectively.

PVR Inox Forecasts Strong Q2 for Cinema Exhibitors Amid Blockbuster Releases

News on MEA 25th Sept 2023 ArdorComm Media Group PVR Inox Forecasts Strong Q2 for Cinema Exhibitors Amid Blockbuster Releases

PVR Inox is anticipating a robust second quarter for cinema exhibitors, driven by a series of blockbuster releases in the film industry. Alok Tandon, co-CEO of PVR Inox, expressed optimism about the July-September period potentially becoming the best quarter for the cinema exhibition sector. He highlighted that recent weeks have witnessed a remarkable surge in cinema attendance, and the upcoming film lineup holds great promise. Films like “Jawan,” “Oh My God 2,” “Gadar 2,” “Jailer,” “Rocky Aur Rani Kii Prem Kahaani,” “Oppenheimer,” and “Mission Impossible – Dead Reckoning Part One” have been attracting record audiences to theatres. Tandon also expressed hope that the cinema exhibition industry would soon return to pre-pandemic levels in terms of attendance. He emphasized the return of crowded lobbies and the positive response from audiences to the movies released thus far.