Consolidation in Multiplex Chains in 2014

Consolidation is a good thing when an industry fails to sustain its smaller members or failed bigboys. Though I am more interested in telecom, the recent consolidation move in multiplex industry made me thrilled.

PVR Cinemas

A JV between Priya Exhibitors Private Limited (owned by Bijli family) and (earlier Australia based Village Roadshow Ltd) ICICI Ventures. It's the largest multiplex chain in India.

Acquisitions
1. CineMAX (owned by Kanakia group) .November, 2012

INOX

Inox Leisure  is a subsidiary of Gujarat Fluorochemicals Ltd, as well as a media entertainment business arm of INOX Group. Presently it's the 2nd largest multiplex chain in India.

Acquisitions:

1. Calcutta Cinema Pvt Ltd (backed by Bengal Ambuja) (89 Cinemas) .2007

2. Fame Cinemas .2010

3. Satyam Cineplexes .2014 (August)

Carnival Cinemas

3rd largest in India. Backed by Asian Business Connections Pvt. Ltd.

1. HDIL Broadway .July, 2014
2. Big Cinemas .December, 2014
3. Glitz Cinemas, owned by Stargaze Entertainment Pvt Ltd (Carnival will buy majority share from Capital18) .January, 2015

CinePolis

It's a global brand with Mexican origin.

1. Fun Cinemas - backed by Shubhash Chandra’s Essel Group through E-City Ventures. 2014 (deal closed by January 2015)

**blue indicates the new consolidations.**

Table updated in September, 2020

Multiplex Chain	Acquisitions	Comments
PVR Cinemas	CineMAX, 2012 (Kanaria) DT Cinemas, 2016 (DLF) SPI Cinemas, 2018	Largest chain in India
INOX	89 Cinemas, 2007 (Bengal Ambuja) Fame Cinemas, 2010 Satyam Cineplexes, 2014
Carnival Cinemas	HDIL Broadway, 2014 Big Cinemas, 2015 (Anil Dhirubhai Ambani Group) Glitz Cinemas, 2015 (Stargaze Entertainment)
Cinepolis	Fun Cinemas, 2014 (Essel Group)	Actually it’s Mexican cinema chain
SRS Cinemas		Main business area in North India
Miraj Cinemas