Popular theater companies such as PVO and Inox Les will be joining. An agreement between the two companies is expected to be signed soon.
The two companies own more than a hundred theaters in various major cities in India. The merger will increase the number of theaters owned by these companies to 1,500.
The board of directors of the two companies met on Sunday in connection with the merger. It was then decided to merge the two companies. It seems that the company will no longer be called PVO-Inox.
The film industry has been paralyzed by Corona. The number of people releasing films on the Internet, also known as ODT, has increased, mainly due to the declining flow of people to theaters.
In this situation two big theater companies have decided to join hands. The extent to which this will contribute to the growth of those companies will be known in the coming days.