The chain plans to pick up at least six new theaters in Los Angeles, Chicago and Atlanta and will accept Bitcoin as payment for movie tickets and concessions at its theaters by the end of the year.
Sources say that the groundwork is already underway with the group planning to recruit executives from rival broadcast networks.
Broadcasters take the digital-first route to drive subscriptions on their OTT platforms.
The meeting highlighted the importance of creating a strong policy roadmap for growth in the post-Covid era for the broadcast industry.
The anime streaming service has 5 million subscribers and more than 120 million registered users.
Revenues of the PVR, Inox declined in the range of 67-75% compared to the March quarter. With the second covid-19 wave’s restrictions hurting revenues, the firms have had to keep a tight lid on costs to reduce cash burn.
Netflix’s lead is intact but there is space for multiple challengers.
While exhibitors were severely impacted, most producers were paid huge premiums by streaming players.
The findings of the survey were based on the responses of startups and MSMEs across 172 districts in India.
As competitors are 'beating each other's brains out,' the only major studio that's not a combatant is finding ways to profit.