All posts tagged: multiplex association of india

Multiplex Association of India fears Netflix’s acquisition of Warner Bros threatens India’s theatrical releases

Multiplex Association of India fears Netflix’s acquisition of Warner Bros threatens India’s theatrical releases

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The Multiplex Association of India (MAI) on Saturday raised concerns over Netflix’s proposed acquisition of Warner Bros. Discovery, stating that it poses a direct competition and economic threat to India’s theatrical and broader film industry. Netflix and Warner Bros. Discovery, Inc. have announced an $82.7 billion deal for Netflix to acquire Warner Bros. film and TV studios, HBO Max, and HBO. Mario Tama/Getty Images/AFP (Photo by MARIO TAMA / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)(Getty Images via AFP) The Acquisition of Warner Bros, one of the world’s leading studios, by a dominant streaming platform that has historically deprioritised theatrical releases, poses a direct economic threat to India’s broader film economy, MAI said in a statement. On Friday, Netflix said it has struck a deal with Warner Bros Discovery to buy the legacy Hollywood giant’s studio and streaming business for USD 72 billion. The cash-and-stock deal also includes its namesake television and motion picture division, Warner owns HBO Max streaming services and DC Studios. The transaction is expected to close after Warner separates …

Karan Johar says high ticket prices deter viewers; Multiplex Association replies: ‘Demand for film is driven by content’ | Bollywood

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The Multiplex Association of India has shared a statement countering filmmaker Karan Johar’s recent claim that high ticket and food prices at theatres discourage viewers. The filmmaker had said in a round table discussion recently that a film outing for a family of four costs ₹10,000. The MAI has countered that with average ticket price data. (Also read: Karan Johar says families no longer watch films in theatres due to inflated food costs: ‘Can’t buy popcorn for kids’) Karan Johar spoke about cinema pricing in a recent interaction What Did Karan Johar say? In a statement posted on behalf of MAI President Kamal Gianchandani, the association has addressed Karan’s claim. “The reports carried Mr. Karan Johar’s comments suggesting that cinema exhibitors are responsible for high ticket and food & beverage (F&B) prices. We believe it is essential to provide a more balanced view on this matter,” read the statement. In an interaction with The Hollywood Reporter India, Karan had said that since a movie outing for a family can cost as much as ₹10,000, families …