Sanjay Gaikwad has challenged Hollywood’s monopoly with a technology that enables cinema halls to show 3-D movies at a fraction of the cost
In April this year, ticket sales at South Mumbai’s famed Regal cinema got an unexpected boost. Occupancy at this 78-year-old theatre, designed by Charles Stevens, usually hovers at around 25 percent — a far cry from what it was in the ’50s and ’60s when the crème da la crème of Bombay’s society thronged it.
But during the last week of April, some shows ran to full house at the theatre which can seat 1,100 people. On an average, tickets were sold for three out of four seats that week.
The Opportunity
(This story appears in the 15 July, 2011 issue of Forbes India. To visit our Archives, click here.)