e-commerce
Regal Entertainment Group partners with MovieTickets.com
MUMBAI: MovieTickets.com has entered into an agreement with US based motion picture exhibitor Regal Entertainment Group. Through the deal, MovieTickets.com will offer its ticketing solutions across all 572 Regal Cinemas theaters with 7,356 screens, including its three main brands: Regal Cinemas, Edwards Theatres, and United Artists Theatres.
“Our new relationship with Regal, the largest theatre circuit in the United States, establishes MovieTickets.com as the leader in the advance movie ticketing category, based on both screen count and number of movie theatre chains served. The addition of over 7,300 screens significantly boosts our footprint in the domestic marketplace and magnifies the opportunities for us on a much broader scale,” said MovieTickets.com CEO Joel Cohen.
“Regal is excited about our relationship with MovieTickets.com. Our partnership with MovieTickets.com means greater access to the magic of movie-going at Regal and added convenience for our customers,” added Regal Entertainment Group CIO Dave Doyle.
In a joint statement, MovieTickets.com co-founders and co-chairmen Shari Redstone and Mitchell Rubenstein said, “We could not be prouder to join forces with a leading exhibitor of Regal’s caliber and offer moviegoers around the nation unparalleled ticketing choices and services. As the founders of MovieTickets.com, it’s especially meaningful to see us take a leadership position with such a significant addition.”
MovieTickets.com will begin deployment of its service across Regal Cinemas, Edwards Theatres and United Artists Theatres today, with the roll-out continuing through the end of this month. With the addition of these theaters, MovieTickets.com will be providing advance movie ticketing to over 28,000 screens worldwide, becoming the largest online advance movie ticketing platform in the world.
e-commerce
Flipkart rolls out 105 per cent bonus for 20,000 employees
Strong FY25 performance drives payouts even as layoffs and shifts unfold.
MUMBAI: In a year where belts were tightened and rewards loosened, Flipkart seems to be playing both offence and defence trimming roles on one hand while handing out a generous 105 per cent bonus on the other. The Walmart owned e commerce major has rolled out a 105 per cent bonus payout for 2025, covering nearly 20,000 employees, signalling a year of steady operational momentum even as the company navigates restructuring pressures. The payout, communicated internally by chief human resources officer Seema Nair, is tied to performance across key metrics including growth, operational efficiency, financial outcomes and people indicators, a combination that suggests the company is inching closer to its long stated goal of sustainable profitability.
Employees at SD level and below are set to receive their bonuses in March, while payouts for senior leadership, including vice presidents and senior vice presidents, will follow after the close of the performance cycle. The elevated 105 per cent multiplier stands out in a sector where cautious payouts have increasingly become the norm, pointing to what appears to be a relatively strong internal scorecard for FY25.
Yet, the announcement arrives with a noticeable contrast. Earlier this year, Flipkart reduced its workforce by around 300 roles as part of its annual performance review process. While officially framed as performance driven, the juxtaposition of layoffs alongside above target bonuses reflects a more nuanced balancing act, one that prioritises cost discipline while continuing to reward and retain high performing talent.
This dual approach is becoming increasingly common across the technology and e commerce landscape, where companies are navigating an uneven hiring environment while under pressure to deliver profitability. Rewarding top contributors, even amid selective workforce reductions, allows firms to maintain morale and retain critical talent without losing sight of financial prudence.
At the same time, Flipkart is also undergoing leadership shifts that hint at a broader strategic recalibration. Nishant Verman has been appointed senior vice president for corporate development and partnerships, while group chief financial officer Sriram Venkataraman is set to step down. Ravi Iyer will take on expanded responsibilities within the finance function, marking a reshuffle at the top as the company gears up for its next phase.
These changes come amid reports that Flipkart is planning to shift its holding structure back to India, a move widely interpreted as groundwork for a potential public listing. While timelines remain fluid, the combination of stronger financial discipline, leadership restructuring and employee incentivisation suggests a company preparing itself for greater scrutiny and scale.
For employees, the 105 per cent payout offers a welcome boost in what has otherwise been a period of adjustment. For Flipkart, it is a signal that even as it cuts where necessary, it is willing to spend where it counts. In the high stakes game of growth versus profitability, the company appears to be hedging its bets carefully, rewarding performance while reshaping itself for what could be its most defining chapter yet.
