Movies
PVR INOX rewrites the movie munching rulebook!
Mumbai: Catering to the vision of audiences, India’s largest multiplex chain PVR INOX Ltd, has announced new attractively priced offers for F&B that can be availed at all PVR INOX cinemas across the country. The announcement aims to enhance the cinematic experience for patrons. Beginning today, moviegoers can purchase food items ranging from hotdogs to burgers, popcorn and sandwiches, beverages and exciting combos starting at just INR 99 from Mondays to Thursdays, 9 AM to 6 PM. Cinephiles who plan to watch films during the weekend can claim Bottomless Popcorn featuring unlimited tub refills along with attractively priced Family Meal Combos, bringing down the F&B spending by as much as 40 per cent
“Resonating with patrons is the key to successfully running a cinema chain. All our efforts are directed towards catering to audiences as we wish to provide them with an unparalleled cinematic experience when they visit our premises. We have been actively listening to consumers’ thoughts on our F&B pricing strategy and have therefore curated cost-effective F&B deals that will appeal to moviegoers and also address their concerns.” said PVR INOX Ltd executive director Sanjeev Kumar Bijli.
He further added, “Our merger, which placed us amongst the top cinema chains in the world, now offers us a larger canvas, allowing us to cater to a wider segment of the audiences across the country and curate the best offerings for them. We are certain that our reformed packages will appeal to the smaller group sizes visiting cinemas on weekdays, and the larger groups, including families, who prefer watching films on weekends, ensuring their needs are met. Our endeavour is that all our guests enjoy the best of our F&B offerings, not only the popular cinema snacks but also the gourmet offerings prepared by our highly skilled team of Chefs. We are delighted to bring in this watershed offering for our guests and are certain that this would further strengthen our bond with them further. The line-up for the next few Quarters looks phenomenal and we are sure that the excitement of the movies will be well serviced by our newly structured F&B offerings”.
The slate of films scheduled to release this year will elevate the excitement level of viewers across varied choices. Titles include anticipated Hollywood releases including Mission Impossible 7: Dead Reckoning Part One, Barbie, Oppenheimer, The Marvels, Killers of the Flower Moon, and The Hunger Games: The Ballad of Songbirds & Snakes, to name a few. We’ll also witness major Bollywood titles like Rocky Aur Rani Kii Prem Kahaani, Dunki, Sam Bahadur, Animal, OMG 2, Tiger 3 and Dream Girl 2. There are also widely anticipated Southern films like Pushpa 2, Indian 2, Salaar and Jailer.
We at PVR believe that every opinion matters and it must be respected. We have this update for you and for every moviegoer in India #PVRHeardYou https://t.co/rrBL3xFUJs pic.twitter.com/PsOvxxqAaj
— P V R C i n e m a s (@_PVRCinemas) July 12, 2023
Hollywood
Paramount Skydance secures financing for Warner Bros Discovery deal
Debt syndication and new loans push $111 billion merger closer to close
WASHINGTON: Paramount Skydance has taken a major step towards its planned acquisition of Warner Bros Discovery, securing fresh financing and completing the syndication of its bridge loan facility.
In a filing with the Securities and Exchange Commission, the company confirmed that the bridge facility has now been distributed among a group of 18 banks, reducing total commitments to $49 billion from an earlier $54 billion. The move spreads risk across lenders and signals growing confidence in one of the year’s largest media deals.
Alongside this, the company has finalised permanent financing arrangements, including $5 billion in senior term loans and a $5 billion revolving credit facility. A previously planned $3.5 billion credit line has been dropped as part of the restructuring.
The loans are secured against key assets, including Paramount Global, Skydance Media and Warner Bros post-merger, underlining the scale and complexity of the transaction.
The financing push follows a competitive bidding process earlier this year, which saw interest from players such as Netflix before Paramount Skydance emerged as the frontrunner. The deal, valued at $111 billion, is expected to close in the third quarter, subject to regulatory approvals.
Adding to the momentum, the company has also secured significant equity backing, including investments from Middle Eastern funds, with support from billionaire Larry Ellison, who has guaranteed the equity portion of the transaction.
Commenting on the development, Paramount Skydance chief strategy officer Andy Gordon said, “Our successful debt syndication and new debt facilities represent another important milestone towards the completion of our acquisition of Warner Bros Discovery.”
Once completed, the combined entity is expected to carry net debt of just under $80 billion, reflecting the sheer scale of the merger.
As Hollywood continues to consolidate in the streaming era, this deal could reshape the competitive landscape, with Paramount Skydance betting big on scale, content and financial muscle to take on global rivals.
