Indian movie theater franchise PVR Cinemas has been in business since 1997. With more than 800 screens spread across 170 theaters in 70 cities, it is India’s largest theater network. Ajay Bijli created the business, which has expanded tremendously over time. But the issue of PVR being a franchise still exists.
PVR is not a franchise, is the response. PVR Cinemas is a division of PVR Limited, a publicly traded corporation that is listed on the Bombay Stock Exchange and the National Stock Exchange of India. All of the theaters are owned and run by the corporation, which does not provide other parties with franchising options. This implies that PVR has total control over both its brand and business operations, assuring uniformity in the services and customer experiences provided across all of its locations.
AMC Theatres, one of the biggest movie theater chains in the world, is not a franchise either. All of AMC’s sites are owned and run by the business because AMC is a division of the Chinese multinational Wanda Group. There are more than 1,000 AMC sites around the world, including ones in the US, Europe, and the Middle East.
The Cineworld Group, a British movie theater chain with over 9,500 screens spread across 11 countries, is now the largest movie theater operator in terms of revenue. The company had over $4 billion in revenue in 2019, making it the most profitable chain of theaters in the world. Regal Cinemas in the US is one of the cinema brands owned by Cineworld Group.
China presently occupies the top rank in terms of the nation with the most movie theaters. In 2019, there were approximately 75,500 movie screens in China, significantly more than in any other nation, according to Statista. In terms of the quantity of movie theaters, India, the US, and Japan are not far behind.
AMC Theatres, which runs over 10,000 screens across the United States and several other nations, is now the largest theater chain in the world. However, the Cineworld Group is the world’s largest network of movie theaters in terms of income, as was already mentioned.
In conclusion, PVR Cinemas is owned and run by PVR Limited and is not a franchise. China now boasts the most movie theaters, although Cineworld Group is the largest cinema chain globally in terms of revenue. In terms of operating screens, AMC Theatres is the biggest theater chain in the world.