Heres Why Inomin Mines (CVE:MINE) Must Use Its Cash Wisely
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Cinemas in India will get a reprieve beginning October 15 when they are allowed to open outside containment zones. The Ministry of Home Affairs made the announcement late Wednesday, saying that restrictions will include 50% seating capacity. Further guidelines will be issued by the Ministry of Information and Broadcasting. The move means movie theaters will be back in operation about a month ahead of the lucrative Diwali holiday in mid-November. However, cinemas will remain closed in Maharashtra (which includes Mumbai) until October 31. Cinemas in the prolific market have been shuttered since March 24. India is a massive consumer of homegrown titles, some of which moved to streaming during the lockdown. It is also the hardest hit international territory in terms of COVID-19 cases with 6.3M through September 30. Fatalities stand at nearly 99K. Business trade Mint reported in mid-September that Indian box office could be looking at a loss of about $450M due to the lockdown which nixed the busy Eid-al-Fitr holiday. The Multiplex Association of India posted to Twitter that it “wholeheartedly welcomes” the government’s decision to allow reopenings. “We are committed to ensure a safe, secure and a hygenic cinemagoing experience for the movie lovers of our country,” the org wrote. MAI Statement on Unlock 5.0 Notification issued by Ministry of Home Affairs. pic.twitter.com/asl6QdB7xe — Multiplex Association Of India (@MAofIndia) September 30, 2020 After the announcement, filmmaker Ram Gopal Varma tweeted that his movie Corona Virus will be the first film to release locally. CORONAVIRUS film is about a family caught in the LOCKDOWN situation and has been entirely shot during LOCKDOWN and will be 1st film to release after LOCKDOWN is lifted on movie theatres #CoronaVirusFilm pic.twitter.com/lKzA6Vik04 — Ram Gopal Varma (@RGVzoomin) October 1, 2020 Also from October 15, theme parks will get a green light with measures to be set by the Ministry of Health and Family Welfare. The easing of restrictions falls under the so-called Unlock 5 guidelines which will continue until October 31, according to local reports. More from Deadline Chinas Jiang Ziya: Legend Of Deification Opens To $53M On Thursday, Sets Middle Kingdom Animated Single-Day Record Broadway Cares/Equity Fights AIDS Grants Record $18.1M During Fiscal Pandemic Year Slamdance Unveils Dates For Hybrid Film Festival, Boasts Free Online Screenings And Physical Joshua Tree Event Best of Deadline U.S. Coronavirus Update: America Now Has Over 7 Million COVID-19 Cases As New Daily Infections Rise In 23 States Coronavirus: Movies That Have Halted Or Delayed Production Amid Outbreak Hong Kong Filmart Postponed Due To Coronavirus Fears; Event Moves Two Weeks Before Toronto Sign up for Deadlines Newsletter . For the latest news, follow us on Facebook , Twitter , and Instagram . View comments
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