Carnival Cinemas

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Carnival Cinemas
TypePrivate
IndustryEntertainment
Founded2010; 12 years ago (2010) in Angamaly, Kerala, India
FounderDr.Shrikant Bhasi
Headquarters
Mumbai, Maharashtra
,
India
Number of locations
162
Area served
India
Singapore
United Arab Emirates
Bahrain
Key people
P. V. Sunil
MD & Director
'Prasanth Narayanan
Director and CHRO
AC. Dinesh
Director – Finance[1]
ParentCarnival Group
Websitewww.carnivalcinemas.com

Carnival Cinemas is a multiplex chain in India in 120 cities at 162 locations with over 470 operational screens. Carnival Cinemas caters to over 5 crore patrons annually and has a total seating capacity of over 1,50,000. Carnival Cinemas has recently added two more properties into the overseas market with opening of four new screens in Singapore with a total of 6 screens there. Their vision is to hold 1000 screens globally by 2020.[2]

Growth Story[]

In India, Carnival Cinemas is in 20 prominent states: Kerala, Chhattisgarh, Karnataka, Tamil Nadu, Andhra Pradesh, Telangana, Maharashtra,[3] Madhya Pradesh, Rajasthan, Punjab, Gujarat, Haryana, Delhi NCR, Jharkhand, Uttar Pradesh, Uttarakhand, West Bengal,[4] Assam, Bihar, Himachal Pradesh and Goa.

Carnival Cinemas has signed MoUs with Governments of Jharkhand and Odisha in order to set up 75 theatres-cum-recreation zones and 150 screens in the respective states. Carnival group confirmed in July 2018 that it will acquire Elan Group's 100 per cent stake in Novo Cinemas United Arab Emirates and the Kingdom of Bahrain but the deal has not been completed as of August 2019.

Carnival Cinemas which earlier planned to double its screen count to 1000 screens by 2020, plans to reach that by 2023.[5]

Carnival Cinemas operates two properties in Pune, Maharashtra owned by E-Square Leisure Private Limited.[6]

Carnival Cinemas, through branding collaboration with Louis Entertainment, a North-east cinemas consultant and management group had itself launched in Assam and Arunachal Pradesh.[7]

Carnival Cinemas due to operations getting affected by Covid pandemic,had been unable to repay to its creditors, staff, third-party vendors and lending institutions with debts piling to Rs 700 crores.[2][8]

Carnival Cinema is a part of Carnival Group India, well known Business chain which is headed by Shrikant Bhasi.[9] The chain had appointed Prashant Kulkarni, as head of their new venture, Farmse Fresh.[10]

Other Initiatives[]

  • Carnival Cinemas, had started initiative, direct from farm to home delivery, under brand name "Farmse Fresh", to support as livelihood source for their staff during Covid lockdown.[11][2][8][12]

See also[]

References[]

  1. ^ "Carnival Cinemas elevates PV Sunil to MD". 22 August 2017. Retrieved 22 August 2017.
  2. ^ a b c Gaurav, Laghate (30 August 2021). "A sad twist in the tale: Carnival cinemas unable to pay creditors". economic times. Retrieved 26 October 2021.
  3. ^ "Maharashtra releases SOPs for theatres, 50% cap and no F&B inside auditoriums". moneycontrol.com. 12 October 2021. Retrieved 26 October 2021.
  4. ^ "West Bengal: Cinemas set to open with 50% capacity, Covid". Times of India. 30 July 2021. Retrieved 26 October 2021.
  5. ^ "Carnival Cinemas to double screen count to 1,000 by 2023". thehindubusinessline.com. 27 August 2021. Retrieved 26 October 2021.
  6. ^ "Multiplexes across city may reopen in a staggered way". Times of India. 13 October 2021. Retrieved 26 October 2021.
  7. ^ Lata, Jha (10 April 2021). "carnival cinemas enters arunachal pradesh through partner". livemint. Retrieved 26 October 2021.
  8. ^ a b "Carnival Cinemas unable to repay lenders after COVID-19 impact: Report". moneycontrol.com. 31 August 2021. Retrieved 26 October 2021.
  9. ^ "Carnival Cinemas elevates Prashant Kulkarni as Business Head for Farmse Fresh". exchange4media.com. 26 August 2021. Retrieved 26 October 2021.
  10. ^ "Prashant Kulkarni to lead new expansion for Carnival Cinemas". cinemaexpress.com. 28 August 2021. Retrieved 26 October 2021.
  11. ^ "From Rajma Chawal to Pindi Chana, cinema chains lay out the spread to welcome". Brandequity.com. 30 September 2021. Retrieved 26 October 2021.
  12. ^ "multiplexes begin home delivery of food beverages". Times of India. 25 August 2021. Retrieved 26 October 2021.

External links[]


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