PVR INOX plans to shut down 50 cinema screens over 6 months

PVR INOX plans to shut down approximately 50 cinema screens over the next six months, the company said. These properties are loss-making or housed in malls that have reached the end of their life cycle with little hope of any revival. PVR INOX on Monday reported a net consolidated loss for the fourth quarter ended March at ₹333.37 crore.