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PVR takes full control of film production arm

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MUMBAI: Multiplex chain operator PVR Ltd has taken full control of group firm PVR Pictures by buying out the stakes of JP Morgan Mauritius Holdings and India Advantage Fund for an undisclosed amount.


JP Morgan Mauritius Holding and ICICI Venture’s India Advantage Fund held 40 per cent stake in PVR Pictures in equal proportion.


 
With this buyout, PVR Pictures has become a wholly owned subsidiary of PVR Ltd.


The move is part of PVR’s strategy to focus on growing the cinema exhibition business while going slow on film production for the next couple of years.


Some films co-produced by PVR Pictures include Taare Zameen Par, Jaane
Tu Ya Jaane Na, Contract and Mere Khwabon Mein Jo Aaye.


PVR is streamlining capital to expand its exhibition business. In May, PVR sold its multiplex property at Phoenix Mills, Mumbai, to JM Financial Group for a consideration of Rs 1 billion. Post completion of the transaction, PVR will continue to operate the multiplex property on a long-term lease arrangement basis.

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Hindi

Rashmika Mandanna, Shanaya Kapoor and Naila Grrewal climb IMDb’s Indian celebrity rankings

Upcoming films and returning shows are driving fan interest across Bollywood and streaming

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MUMBAI: Bollywood’s popularity contest has a new weekly scorecard, and the numbers are telling. IMDb’s Popular Indian Celebrities list for this week places Shanaya Kapoor at number six, buoyed by buzz around her film Tu Yaa Main. Naila Grrewal slots in at seven on the back of the returning comedy series Maamla Legal Hai, while Rashmika Mandanna climbs to eighth, riding mounting anticipation for Cocktail 2.

The list, available exclusively on the IMDb app for Android and iOS, tracks trending Indian entertainers and filmmakers each week, drawing on data from more than 200m monthly visits to the platform worldwide.

Further down the rankings, Raaka is keeping two of its biggest names in the spotlight. Deepika Padukone holds 11th position, with Allu Arjun close behind at 13th, as the film continues to find traction with audiences.

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The list offers fans a weekly pulse on who is breaking through, who is holding steady, and who is fading. It is a barometer as unsparing as the box office itself.

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