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Adlabs needs to look at customised pricing for its multiplexes
“We have aggressive new business plans in the services division as well as some promising film releases during the next few quarters,” said CMD Manmohan Shetty while announcing Adlabs’ third quarter results. Unfortunately, due to unexplicable reasons, Manmohan with his daughter & company Director Pooja Shetty are calling it quits. Surely, Adlabs would miss its founder chairman, under whom it has traversed a commendable distance since 1978.
The company is taking its time to decide on the management change. When contacted, the company spokesperson revealed, “No decision has been made yet. At the moment, each division is fairly independent being led by a business head, supported by the company’s CFO.” Surely an issue that would rankle the company till they find a new leader to take over. Nevertheless, as they say, the show has to go on & Adlabs is certainly bracing itself for breakneck expansion now.
For the quarter ended September 30, 2007, Adlabs’ consolidated revenues had a hike of 131% to Rs.1.6 billion, though net profits increased only marginally by 0.4% to Rs.210 million as the company seems to be spending heavily on expansions. The cinema division grew the fastest among the rest by 41% to register revenues of Rs.410 million. ADAG now has 104 screens in India catering to around 20 million movie goers each year. The Adlabs spokesperson said, “At the moment, our focus is on expanding our cinemas chain to be present in all territories that contribute maximum revenues to the box office.” By March 2008 the company expects to have 76 properties with 200 screens & 74,000 seats.
In its all important cinema business unit, Adlabs needs to seriously look at the competitor PVR’s no frills Talkies model, which was launched to cater to remote areas in India. As Adlabs expands its reach in cinemas, it can ill afford to ignore the benefits of a more customised pricing model.
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
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“We have aggressive new business plans in the services division as well as some promising film releases during the next few quarters,” said CMD Manmohan Shetty while announcing Adlabs’ third quarter results. Unfortunately, due to unexplicable reasons, Manmohan with his daughter & company Director Pooja Shetty are calling it quits. Surely, Adlabs would miss its founder chairman, under whom it has traversed a commendable distance since 1978.
The company is taking its time to decide on the management change. When contacted, the company spokesperson revealed, “No decision has been made yet. At the moment, each division is fairly independent being led by a business head, supported by the company’s CFO.” Surely an issue that would rankle the company till they find a new leader to take over. Nevertheless, as they say, the show has to go on & Adlabs is certainly bracing itself for breakneck expansion now.
For the quarter ended September 30, 2007, Adlabs’ consolidated revenues had a hike of 131% to Rs.1.6 billion, though net profits increased only marginally by 0.4% to Rs.210 million as the company seems to be spending heavily on expansions. The cinema division grew the fastest among the rest by 41% to register revenues of Rs.410 million. ADAG now has 104 screens in India catering to around 20 million movie goers each year. The Adlabs spokesperson said, “At the moment, our focus is on expanding our cinemas chain to be present in all territories that contribute maximum revenues to the box office.” By March 2008 the company expects to have 76 properties with 200 screens & 74,000 seats.
In its all important cinema business unit, Adlabs needs to seriously look at the competitor PVR’s no frills Talkies model, which was launched to cater to remote areas in India. As Adlabs expands its reach in cinemas, it can ill afford to ignore the benefits of a more customised pricing model.
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
Read these article :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
ZEE BUSINESS BEST B SCHOOL SURVEY
For More IIPM Info, Visit below mentioned IIPM articles.
1500-plus IIPM students placed across the country with 44 bagging international offers
IIPM set to beat economic slowdown
IIPM, GURGAON
IIPM - Admission Procedure
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs
IIPM makes business education truly global-Education-The Times of ...
