news Wednesday, January 21, 2015 - 05:30
The News Minute | January 12, 2015 | 01.20 pm IST Is Chennai losing Sathyam Cinemas? That’s the question on everyone’s minds and lips in Chennai after reports of a possible take-over of the city’s most famous movie exhibitors Sathyam Cinemas by the PVR group. According to the report by Economic Times, 40 odd screens in the city belonging to the four cinema theatres are to be sold for almost Rs. 750-1000 crore. The report also states that the the company operating under five categories - Sathyam, , Escape, thecinema , Luxe and S2 Cinemas is set to open over 50 screens in this year. How do Chennaiites feel about this? A few hours after the report was circulated, a petition has been started by a Chennaiite asking for the theatres not to be sold to the Ajay-Bijli led PVR group. “...there is the childhood memories attached to it. I used to stand with my friend in the Rs. 10 counter for two hours through hot summer mornings to be able to watch a movie in the afternoon without spending much. I have spent hours of my life watching movie with school friends, then college friends, then work friend, family........ it has been a journey I cherish,” it reads. Independent film-maker and film critic, Sudhish Kamath shared some views of what the possible takeover could mean to people in Chennai.  Did not know Temples can be bought over?! @sathyam_cinemas is not just a landmark but a temple to the filmmakers and paradise to filmgoers. — Naveen (@filmmakernaveen) January 12, 2015 @shilparathnam @SudhishKamath Didn't think a business deal could be so heartbreaking. It's like if they sold the marina beach to Bangalore. — Prashanth (@wothadei) January 12, 2015 Tweet Follow @thenewsminute
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