Many are planning to shut down permanently, this year another 200 screens will be closed forever.”Anand Talkies, Jabalpur, Madhya Pradesh. To get a new film, you need to pay the property taxes, you need to pay the minimum electricity bills. The multiplex challengeAdvertisementAdditionally, competing with the high-standards of multiplexes has been a real challenge for these theater owners. In Uttar Pradesh, the government introduced a policy which permitted the theater owners to convert their single screen theaters into multiplexes. Now, the government has allowed these theater owners to completely renovate their properties after obtaining a ‘No Objection Certificate’ (NOC) from the Entertainment Tax department.

Source: Indian Express June 05, 2024 13:40 UTC