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‘Brahmastra’ caused loss of Rs 800 crore to cinema chains? PVR CEO Kamal Gianchandani reacts | Hindi movie news


After reports claimed that Ranbir Kapoor, Alia Bhatt’s ‘Brahmastra’ film, caused the PVR theater chain to lose several crore, CEO Kamal Gianchandani took to Twitter to set the record straight. In a series of tweets, Kamal criticized media reports that claimed the multiplex giant suffered a multi-million loss after Brahmastra received mixed reviews.

A report on Business Insider claimed that the negative reviews of Ayan Mukerji’s film led India’s biggest cinema chains, PVR and Inox, to cumulatively suffer over Rs 800 crore in market capitalization as of 9 September. “.

“I am surprised by the false and negative information about @BrahmastraFilm on the internet and in the media. Is it a lack of understanding or is it intentionally designed to cast doubt? Just so we don’t miss crucial FACTS, I can now confirm that @_PVRCinemas made 8.18 cr Net BO for #Bramhastra on day one,” he wrote.

Gianchandani even shared first day net collections of recent blockbusters including ‘KGF 2’, ‘RRR’, ‘Bhool Bhulaiyaa 2’, ‘Gangubai Kathiawadi’ and ‘Sooryavanshi’ in PVR theaters. He also stated that ‘Brahmastra’ has been doing exceptionally well in PVR theaters and audiences seem to be enjoying the film. “The simple takeaway is that paying audiences are enjoying the movie and spreading a positive word about it. #PVR is having a fabulous weekend, which is very encouraging given the huge movie lineup over the next 3 months!” he concluded the topic.

When ETimes contacted Kamal Gianchandani, he declined to comment.

Yesterday, filmmaker Vivek Agnihotri had to react to reports alleging that theater networks suffered losses and called Bollywood ‘fake’. “The problem is that everything works fake in Bollywood. And nobody is responsible. No industry can survive if it invests 0% in R&D and wastes 70-80% of money on stars,” he tweeted.

Meanwhile, ‘Brahmastra’ had a fantastic opening day at the box office. The film amassed around Rs 36 crore nett across India on the first day. The collections were extraordinary in the subways. This is the largest opening day collection in the history of a non-holiday release for original Hindi content.





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