Chennai
based
movie
theatre
chain
Pyramid
Saimira
Theatre
Limited
(PSTL)
is
now
eyeing
'God's
own
land',
Kerala.
The
corporate
is
all
set
to
lease
out
150
theatres
across
Kerala
during
this
financial
year.
According
to
the
Managing
Director
of
PSTL,
the
company
is
planning
to
invest
Rs.250
million
in
Kerala.
Apart
from
leasing
out
theatres,
it
also
would
produce
10
Malayalam
films
every
year.
PSTL
have
already
taken
up
the
national
distribution
rights
for
Mohanlal's
Pardesi
and
the
Kerala
rights
for
the
Hindi
film
Ram
Gopal
Varma
Ki
Aag.
Sources
say
that
PSTL
has
already
finished
leasing
deals
with
several
theatres
in
the
state.
As
of
now,
they
have
a
total
of
371
leased
theatres
under
their
management
in
south
India,
and
most
of
them
are
located
in
Tamil
Nadu.
"Our
plan
is
to
be
present
in
1,550
locations
across
the
country
with
over
2,000
leased
theatres
by
2010," said
P.S.Swaminathan,
the
MD
of
PSTL.
The
Kerala
film
Industry
has
welcomed
PSTL
to
resuscitate
life
into
the
industry
which
is
now
almost
in
a
sick
condition.
The
number
of
films
getting
released
in
a
year
has
already
fallen
to
around
80
from
100,
and
the
number
of
theaters
screening
Malayalam
films
has
also
fallen
from
1200
to
900!