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Unlock 5: Cinemas to open from Oct 15 up to 50% capacity is very good news, says PVR CMD Ajay Bijli

Updated : October 01, 2020 10:25 AM IST

The opening of restaurants in Maharashtra gives hopes that cinema halls too will reopen soon in the state and it is now just a matter of time, said PVR's CMD Ajay Bijli on Thursday.

Speaking to CNBC-TV18 on the Centre's Unlock 5.0, Bijli said that the opening of cinemas from October 15 with a 50 percent capacity is very good news.

“We have been shut for 7 months and we have been in choppy waters for a long time. So some rope coming towards us as a lifeboat is really a welcome move,” he added.

On the business front, he said we have already cuts costs considerably; most of our costs are now variable. We expect footfalls to pick up from November when big releases hit screens, added Bijli.

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