BookMyShow
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Note: This article has been repeatedly recreated and now salted both here and Bookmyshow. {{ping|ClydeFranklin}} (t/c) 21:48, 15 April 2023 (UTC)
| Private | |
| ISIN | 🆔 |
| Industry |
|
| Founded 📆 | 2007 |
| Founder 👔 | Ashish Hemrajani[1] Parikshit Dhar Rajesh Balpande[2] |
| Headquarters 🏙️ | , India |
Area served 🗺️ | India, Sri Lanka, Indonesia etc.[3][4] |
| Services |
|
| Total equity | Reliance industries – 39 % |
| Members | |
Number of employees | |
| Parent | Bigtree entertainment Pvt Ltd [2] |
| 🌐 Website | https://in.bookmyshow.com |
| 📇 Address | |
| 📞 telephone | |
BookMyShow is an Indian movie and events ticket-booking platform created in 2007. It is a subsidiary of Big Tree entertainment company.[5]
History[edit]
Book My Show was founded by Parikshit Dar and Rajesh Balpande in 2007.[6][7] The app's parent company has investors such as Network 18, Accel Partners, and SAIF Partners.[8] Mukesh Ambani currently owns 39% the company's stakes through Reliance Industries.
In the 2014-15 fiscal year the website sold 5 Crore (50 million) tickets.
In financial year 2018, Book My Show lost ₹140.25 crore (US$20 million) while claiming on their website to have sold 15 million tickets to 30 million people per month.[9] During the COVID-19 pandemic, BookMyShow lost a significant amount of business;[10] however, in April 2022, BookMyShow sold a record 29 million tickets due to the post-pandemic boom in cinema-going.[11]
BookMyShow expanded some of its services to a few Arab countries in 2021.[12]
In 2022, Book My Show signed an exclusive ticket-selling deal with the Board of Control for Cricket in India (BCCI) which allowed them to sell tickets to the 2022 season of the Indian Premier League (IPL).[13][14]
BookMyShow also offers TVoD (transaction video-on-demand) streaming services in the form of BookMyShow Stream, which was launched in 2021.[15][16] BookMyShow Stream has partnered with companies such as MUBI, ITV Studios, and the BBC to offer some international content.[17][18][19]
Partnership[edit]
In 2013, Book My Show signed a five year deal with PVR Cinema which allowed them to start selling tickets to PVR's multiplexes across India.[20]
Controversies[edit]
In May 2019, Book My Show's a manager in Kolkata alleged that some customers used debit and credit cards inappropriately to purchase tickets to IPL matches. In response, police arrested Sujit Ojha for unlawful activities. Reportedly he purchased 68 tickets of ₹ 2,35,027. Cyber police arrested bookies, and a magistrate denied bail to Ojha.[21]
In 2019 Vijay Gopal, president of Forum Against Corruption, filed a Right to information query to the Reserve Bank of India for information about internet fees that ticket-selling portals take from their customers while accepting payments from debit and credit cards. RBI found that the portals were violating the Merchant Discount Rate regulations by charging their customers extra fees.[22]
In 2022, Gopal, founder and owner of ticket selling portal Showtyme, filed a case against Book My Show, for violating 'GO 47. He claimed to the Competition Commission of India (CCI) that Book My Show had formed an explicit cartel with multiplexes owners, and does not allow selling tickets to other portals even under 50% less convenience fees, "thereby controlling the movie ticketing industry and [imposing] barriers for new entrants". CCI directed Director General of Police (DIG), Telangana to investigate the allegations for violating 'GO 47 and the Competition Act, which mandate keeping 50% tickets to sell at licensed booking offices of cinema theatres.[23]
References[edit]
- ↑ https://in.bookmyshow.com/aboutus
- ↑ 2.0 2.1 Kavya Kothiyal (2018-07-19). "BookMyShow owner raises $100 million from TPG, others | Mint". Livemint.com. Retrieved 2023-03-28.
- ↑ Sri Lanka Cinemas[dead link]
- ↑ "BookMyShow: BookMyShow separates SE Asia Arm - The Economic Times". The Economic Times. M.economictimes.com. 4 December 2019. Retrieved 2023-03-28.
- ↑ "The Incredible Story Of How BookMyShow CEO Ashish Hemrajani". www.india.com. Retrieved 2023-07-10.
- ↑ "BookMyShow lays off 200 employees amid Covid-19, CEO urges 'new home' for staff". Hindustan Times. 2021-06-11. Retrieved 2023-03-24.
- ↑ "BookMyShow Idea Was Conceived By 3 Friends on Vacation: Founder". NDTV.com. Retrieved 2023-03-24.
- ↑ Shrivastava, Aditi; Chanchani, Madhav (5 July 2016). "Bookmyshow's parent company Bigtree Entertainment raises over Rs 550 crore - The Economic Times". The Economic Times. M.economictimes.com. Retrieved 2023-03-28.
- ↑ Written By: PTI (2018-10-30). "BookMyShow net loss widens to Rs 140.25 cr for FY18 | Zee Business". Zeebiz.com. Retrieved 2023-03-28.
- ↑ Mittal, Apoorva (2022-04-12). "BookMyShow sees business fast approaching pre-Covid levels". The Economic Times. ISSN 0013-0389. Retrieved 2023-10-04.
- ↑ Jha, Lata (2022-05-27). "BookMyShow sells record tickets as audiences throng cinemas". mint. Retrieved 2023-10-04.
- ↑ Nick Rego (2021-08-04). "BookMyShow expands to allow users to book tickets to UAE cinemas and local attractions". TechRadar. Retrieved 2023-10-04.
- ↑ "Bookmyshow bags exclusive ticketing rights from BCCI for IPL Season 15". www.business-standard.com. 2022-03-23. Retrieved 2023-03-24.
- ↑ https://www.business-standard.com/article/sports/bookmyshow-bags-exclusive-ticketing-rights-from-bcci-for-ipl-season-15-122032300688_1.html
- ↑ "Not just tickets, BookMyShow now lets you buy, rent movies. But can it beat the OTTs?". Moneycontrol. 2021-02-05. Retrieved 2023-10-04.
- ↑ Bureau, Our (2021-02-05). "BookMyShow launches pay-per-view platform BookMyShow Stream". BusinessLine. Retrieved 2023-10-04.
- ↑ Jha, Lata (2023-07-03). "BookMyShow Stream partners with MUBI to bring international titles to the service". mint. Retrieved 2023-10-04.
- ↑ Jha, Lata (2023-03-06). "BookMyShow Stream inks partnership with British company ITV Studios". mint. Retrieved 2023-10-04.
- ↑ Jha, Lata (2022-08-29). "BookMyShow Stream to premiere BBC shows". mint. Retrieved 2023-10-04.
- ↑ "PVR Cinema Book My Show sign 5-year agreement". First Post. 15 July 2013.
- ↑ VATSALYA, PANKAJ (28 May 2019). "Bail denied to credit card fraud accused". The Hindu.
- ↑ "BookMyShow, PVR Booked For Charging Customers Extra Fee on Tickets". The Quint. 14 March 2019.
- ↑ Vamshidhar, Vujjini (21 June 2022). "Probe ordered against BookMyShow for forming cartel". Deccan Chronicle.
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