PVR INOX Faces Backlash Over Dynamic Movie Ticket Pricing

PVR INOX, a popular multiplex chain in India, has implemented dynamic pricing for movie tickets, leading to criticism from customers who are questioning the fluctuating ticket costs. The company claims the dynamic pricing model offers customers a chance to secure tickets at attractive rates, but many customers feel they are being overcharged. This new pricing strategy comes amidst a decline in footfall following the COVID-19 pandemic and after the company introduced ad-free content. While the company has slashed prices for food and beverages to attract customers, the dynamic pricing for tickets has further fueled public discontent, with customers feeling that the company is trying to capitalize on their movie-watching experience.

Quarterly Earnings Reports and Industry Updates: A Roundup

Axis Bank, LTIMindtree, Kotak Mahindra Bank, Nestle India, IndusInd Bank, Zee Entertainment, Delhivery, AU Small Finance Bank, Dalmia Bharat, RailTel, V-Guard Industries, PVR INOX, STL, Motherson Sumi, and Motilal Oswal AMC released their quarterly earnings reports this week. Industry news includes updates on the Lodha Group, CPPIB’s stake in Delhivery, and the upcoming launch of ad-free movies by PVR INOX.

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