New Delhi, Zee Entertainment MD and CEO, Punit Goenka, in his individual capacity, has acquired a majority stake in Maverick Media for an undisclosed amount.
Promoted by Vistaar Entertainment, Maverick Media focuses on large single-screen cinemas across the country.
"Goenka has invested in his personal capacity to revitalize and enrich the single-screen experience for cinema audiences and fans across the country," a statement issued from his office said, adding that this will have no impact on the company. Which he leads. ,
It said this investment will enable Maverick Media to unlock the potential of under-screen markets across the country by building single-screen theaters in Tier II and Tier III cities.
Commenting on the development, Goenka said the capacity of single-screen theaters in many tier II and III cities is overstretched, and it is necessary to revive this infrastructure.
“This move provides economically viable opportunities for cinema exhibition operators in key growth markets of the country,” he said.
Promoted by Vistaar Entertainment, Maverick Media focuses on large single-screen cinemas across the country.
"Goenka has invested in his personal capacity to revitalize and enrich the single-screen experience for cinema audiences and fans across the country," a statement issued from his office said, adding that this will have no impact on the company. Which he leads. ,
It said this investment will enable Maverick Media to unlock the potential of under-screen markets across the country by building single-screen theaters in Tier II and Tier III cities.
Commenting on the development, Goenka said the capacity of single-screen theaters in many tier II and III cities is overstretched, and it is necessary to revive this infrastructure.
“This move provides economically viable opportunities for cinema exhibition operators in key growth markets of the country,” he said.
