Pyramid Saimira (PSTL), one of the country's biggest theater chain groups has decided to shut its operations in the Northern and Western regions of India, following the result of a big back slide in theater attendance.
According to a PSTL release, the margin in the industry is not so impressive and comparatively the income is very lower than the input by the company. Pyramid Saimira has already closed down 33 screens in western and northern India.
But the corporate giant's operations in China, Malaysia, US and Singapore is not affected by this decision.
At present PSTL is running nearly 700 plus screens in Tamil Nadu and 250 theaters in Kerala.