Cineline India acquires 27 more screens on lease basis
Cineline India Limited said that it has acquired 27 additional screens on a lease basis across five Indian regions, thereby adding 5,500 more seats to its portfolio.
According to Cineline India, nine of the screens are in Uttar Pradesh, six are in Rajasthan, five each are in Noida and Gujarat, and a couple of them are in Maharashtra.
Following the new additions, the company has taken its total number of screens to 75 and seating capacity to over 16,500 with a footprint in 14 cities.
Cineline India acquires 27 more screens on lease basis. Photo courtesy of Sabine Lange from Pixabay.
Rasesh Kanakia — Chairman of Cineline India said: “We are delighted to announce the tie up of additional 27 screens PAN India. With this, we have tied up with 75 screens and over 16,500 seats in total. We are seeing huge opportunity for organized players to increase their foothold and plan to create a strong consumer-oriented brand in this segment.
“Over the next few months, we will continue to acquire additional screens PAN India. There is a strong pipeline of movies coming up and we see a huge opportunity to grow exponentially in this space.”