Carnival Cinemas, the third-largest multiplex chain operator in India, plans to add more screens and surpass larger rivals PVR and INOX Leisure by March next year, reports a business daily.
At present, Carnival operates 324 screens across 118 properties in 88 cities and has set a target of reaching 1,000 screens by 2018, says the financial newspaper.
By the end of FY17, Carnival expects to have 600 screens, making it the largest cinema exhibition chain, Chairman of the Carnival Group Shrikant Bhasi told the paper.
"We already have about 160 screens in the pipeline, which are in the developing stage.Some screens should become operational from July. By the end of FY17, we will have more than 600 screens," Bhasi told the daily.
Once the company crosses the 1,000 screen mark, Bhasi plans to increase the number five-fold, according to the paper.
“If I say today, people will laugh. We have a plan ready for 5,250 screens and we know where we want to put these screens. We have done a very intensive survey on this, but it is too early and if I make any such statement it will be rubbished," Bhasi told the paper.
PVR, the market leader, currently operates 519 screens across 113 locations in 46 cities, according to its website.
INOX along with Satyam Cineplexes operates 107 multiplexes and 420 screens in 57 cities.