Hollywood saves India's theatre chain

India's biggest movie operator, PVR Inox, saw a rise in first-quarter revenue buoyed by international cinema. A struggling Hindi film industry, alongside the popularity of streaming services, made it challenging for traditional theaters to bring in more people. However, PVR Inox's Q2 net loss of INR816m ($9.92m) was down on Q1's INR3.33bn net loss. Despite this, the company said it was optimistic for the rest of the year, thanks to the improved performance of mid-scale Hindi movies. PVR Inox's shares rose as high as 2.4% on Tuesday.

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