Venezuela has the largest proven oil reserves in the world. It was once so rich that Concorde used to fly from Caracas to Paris. But in the last three years its economy has collapsed. Hunger has gripped the nation for years. Now, it’s killing people and animals that are dying of starvation. The Venezuelan government knows, but won’t admit it!!! Four in five Venezuelans live in poverty. People queue for hours to buy food. Much of the time they go without. People are also dying from a lack of medicines. Inflation is at 82,766% and there are warnings it could exceed one million per cent by the end of this year. Venezuelans are trying to get out. The UN says 2.3 million people have fled the country - 7% of the population.

Friday, October 12, 2012

Canada's Imax Adds to India Footprint With PVR Cinemas Deal ...


Canada's Imax Adds to India Footprint With PVR Cinemas Deal ...

The Indian multiplex pioneer is to install a fifth large format theater in Bangalore, after an earlier four-theater agreement.

TORONTO – Indian cinema chain and multiplex pioneer PVR Cinemas has purchased an Imax theater for Bangalore, to add to an earlier four-screen deal with the Canadian giant screen exhibitor.

PVR Cinemas to Add 350 Screens, 6 Entertainment Complexes

Imax Reports Sharply Higher Q2 Profits on Expanding Theater Network
New Delhi-based PVR, which is currently expanding its cinema circuit overall, will open the fifth Imax screen in March 2013 in Bangalore's Vega Mall.

The latest agreement follows an earlier March 2011 deal with Imax for four theaters.
PVR plans to open two Imax theaters in existing multiplexes in Bangalore and Mumbai in 2012, with the other two super-sized screens set to open as part of new constructions in Delhi and Noida by 2014.
The PVR deal comes as Imax continues to build out its footprint in India as part of an international diversification beyond North America.

Thank you Hollywood Reporter



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