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Entrepreneur magazine - August - September 2024

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Today the next generation of family businesses are learning, traveling, working for other businesses, and discovering new opportunities with possibilities to see the wealth amplified and how their business and investments can continue to add value. Two-thirds of the changes are hence originating from the members of rising generations, who take new initiatives and affect the transition from success at a single business to a multi-faceted organisation, and that includes diversification, significant innovation, and redefinition of the business by garnering the support of their parents. The Tomorrow Inc. featured in coming pages here share how they are considering renewing the business, and new acquisitions with how much liquidity they wanted in their lives.

HOW THE NEXT GENERATION IS POWERING THE PVR LEGACY?

Cinemas are as old a form of entertainment as far as we can remember. The millennial in me was awestruck watching DDLJ come alive on the big theater. However, for me the real movie thrill was watching a movie at PVR Naraina. For everyone, PVR was a rage in the 2000. As friends if one would buy the tickets, the other would compensate with popcorn and cold drink as both would almost cost equal. In fact, PVR was in its best phase preCovid. 2019 would count among the best year the cinema chain had seen. However, everything changed for humans and businesses alike as Covid struck our lives. Being confined not only meant screen closures, it also meant newer forms of entrainment coming via different channels. OTT saw its rise and our smartphone screens served us well. The cinema chain which grew over 25 years to become the biggest in the country suddenly saw its competitor in a handheld device. But things do not always remain the same. Post-Covid every business and human was back with full force to live their best life and achieve the maximum they could in the shortest period of time. Though revenge retail and travel zoomed back, movie hopping wasn't back on the map as old habits die hard. The rise of digital entertainment during covid further gave a new way of entertainment to audience who don't necessarily feel the need to spend time and money to go to a theater. However, bigger the challenge, bigger the opportunity that's what entrepreneurs tend to do. Entrepreneur India had the opportunity to sit down with Ajay bijli, MD, PVR INOX and his three kids Niharika, Nayana and Aamer to witness how the future will unfold for entertainment and experience.

HOW THE NEXT GENERATION IS POWERING THE PVR LEGACY?5

5 mins

Entrepreneur magazine Description:

Entrepreneur magazine published by Franchise India Holdings Ltd is a monthly magazine that covers a wide range of topics related to entrepreneurship and business development, including:

* Startups: Entrepreneur magazine covers the latest news and trends in the startup world, as well as advice and tips for entrepreneurs on how to start and grow their businesses.

* Franchise: Entrepreneur magazine is also a leading resource for information on franchising, with articles on how to choose the right franchise, how to start a franchise business, and how to succeed as a franchise owner.

* Business: Entrepreneur magazine also covers a variety of general business topics, such as marketing, finance, and operations.

* Success stories: Entrepreneur magazine features profiles of successful entrepreneurs and business leaders, as well as their advice and tips for others.

If you're an entrepreneur, business owner, or someone who is interested in starting a business, then Entrepreneur magazine is the perfect resource for you. Subscribe today and start your journey to success!

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