Unlock 5: Cinemas to open from Oct 15 up to 50% capacity is very good news, says PVR CMD Ajay Bijli

The opening of restaurants in Maharashtra gives hopes that cinema halls too will reopen soon in the state and it is now just a matter of time, said PVR's CMD Ajay Bijli on Thursday.

Speaking to CNBC-TV18 on the Centre's Unlock 5.0, Bijli said that the opening of cinemas from October 15 with a 50 percent capacity is very good news.

“We have been shut for 7 months and we have been in choppy waters for a long time. So some rope coming towards us as a lifeboat is really a welcome move,” he added.

On the business front, he said we have already cuts costs considerably; most of our costs are now variable. We expect footfalls to pick up from November when big releases hit screens, added Bijli.