Maharashtra: ‘Single-screen theatres will need at least five years to achieve financial stability’

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The financial downside of Covid-19 has dealt a brutal blow to single-screen movie theatres across the country, but in Maharashtra, they face some unique problems. Right from the way property tax is calculated for their business to red tapism over conversion of land use, theatre owners say the existing rules in the state are making their business unviable. In an interview to TOI, Sanjay Surana, whose family owns six movie theatres and who exhibits films in 25 other cinema halls across Maharashtra, says the lockdown may have been the proverbial last nail in the coffin.

 

Source: https://timesofindia.indiatimes.com/