PVR partners with Panorama Studios

PVR Pictures, the motion picture arm of PVR, has joined hand with Panorama Studios, a subsidiary of Panorama Studios International, formerly known as Apunka Invest Commercial, to distribute films across India.

At the onset, the companies together will distribute Panorama Studios' upcoming film slate starting with Batla House, followed by Section 375 and Khuda Hafiz, all slated for FY 2019-20 release.

PVR is the largest and most premium film exhibition company in India. The company operates 748 screens in 64 cities. It enjoys market share of 22 per cent in the Bollywood segment and 29 per cent in the Hollywood. As of Feb 2019, PVR's market share was 28 per cent among multiplex screen operators.

The stock of PVR, which opened today at Rs. 1591, surged nearly 1.8 per cent to touch intra-day high of Rs. 1631.35 and settled for the day at Rs. 1623.7, up by around 1.3 per cent from previous close.