financetom
Market
financetom
/
Market
/
'Vikram' made double the money that PVR had hoped for in the opening weekend
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
'Vikram' made double the money that PVR had hoped for in the opening weekend
Jun 6, 2022 4:21 AM

With cinephiles starting to throng multiplexes after the long lull due to COVID-19 pandemic forced restrictions, movies are getting expected returns for producers and theatre owners. A look at the data from June 3, Friday, to June 5, Sunday, shows that both Kamal Haasan-starrer Vikram and Akshay Kumar-starrer Samrat Prithviraj gave decent returns.

Share Market Live

NSE

During an interview with CNBC-TV18, Kamal Gianchandani, the chief strategy officer at PVR and CEO at PVR Pictures, expressed satisfaction with the collections and said that Vikram, the Tamil action thriller film written and directed by Lokesh Kanagaraj, made "double the money that PVR had hoped for in the opening weekend."

According to some reports, Vikram minted over Rs 150 crore worldwide, including over Rs 100 crore in India, by Day 3 and Prithviraj's collection stands at Rs 39-40 crores.

He highlighted the mismatch in expectation and the actual performance by giving a comparison with Prithviraj. "A lot of people expected Prithviraj to do about Rs 50 crore in terms of weekend net box office. It will do about Rs 40-45 crore and we are fairly satisfied with the outcome," Gianchandani, also the president of the Multiplex Association of India, said.

Meanwhile, Tom Cruise starter, Top Gun Maverick, which has minted more than $500 million globally, has had an average first week, netting close to Rs 20 crore versus expectations of around Rs 50 crore, as per koimoi.com.

"KGF 2 has done almost Rs 425 crore in Hindi alone. Tamil, Telugu, and Kannada is a separate number... Even if it (KGF 2) had done about Rs 100 crore of net box office in Hindi, exhibitors would have been more than happy," said Gianchandani.

The company expects the current financial year to beat all records.

"FY23 will be our best year in terms of box office," the PVR Pictures CEO said. PVR stock has rallied 2.3 percent in the past three months, while in the same period, the benchmark, Nifty50, was down just over 2 percent.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US STOCKS-Futures slip as rate-cut hopes ebb
US STOCKS-Futures slip as rate-cut hopes ebb
Apr 11, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Futures down: Dow 0.23%, S&P 0.24%, Nasdaq 0.21% April 11 (Reuters) - U.S. stock index futures dipped on Thursday as Treasury yields remained elevated a day after a hot inflation reading triggered a bruising Wall Street sell-off, diminishing hopes...
Constellation Brands, Costco And 3 Stocks To Watch Heading Into Thursday
Constellation Brands, Costco And 3 Stocks To Watch Heading Into Thursday
Apr 11, 2024
With U.S. stock futures trading mixed this morning on Thursday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Constellation Brands, Inc. ( STZ ) to report quarterly earnings at $2.09 per share on revenue of $2.10 billion, according to data from Benzinga Pro. Constellation shares fell 0.2% to $264.40 in after-hours trading....
Fear & Greed Index In 'Neutral' Zone Following Inflation Data; Dow Dips Over 400 Points
Fear & Greed Index In 'Neutral' Zone Following Inflation Data; Dow Dips Over 400 Points
Apr 11, 2024
The CNN Money Fear and Greed index showed a further decline in the overall market sentiment, with the index remaining in the Neutral zone on Wednesday. U.S. stocks closed lower on Wednesday following the release of inflation data for March. U.S. annual inflation rate rose for a second consecutive month to 3.5% in March from 3.2% in February. U.S. wholesale...
Futures slip as rate-cut hopes ebb
Futures slip as rate-cut hopes ebb
Apr 11, 2024
(Reuters) - U.S. stock index futures dipped on Thursday as Treasury yields remained elevated a day after a hot inflation reading triggered a bruising Wall Street sell-off, diminishing hopes of a June rate cut by the Federal Reserve. Wall Street sold off sharply in the last session after data showed U.S. consumer prices increased more than expected in March, leading...
Copyright 2023-2026 - www.financetom.com All Rights Reserved