PVR aims â¹500-crore revenue from SPI Cinemas by FY20
PVR Cinemas is targeting revenues of â¹500 crore by 2019-20 from South India-based SPI Cinemas, which it is in the process of acquiring. SPI, which operates 76 screens under brands like Sathyam, Palazzo, and The Cinema, reported revenues of â¹309.6 crore in 2017-18. Post the acquisition, PVR will become the largest operator in Chennai, Bengaluru and Hyderabad.