Draft:BookMyShow

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  • Comment: This comes down to WP:ORGCRIT. There are references, but they are passing mentions, routine announcements, or otherwise not significant coverage. CNMall41 (talk) 17:47, 14 April 2023 (UTC)
  • information Note: This article has been repeatedly recreated and now salted both here and Bookmyshow. {{ping|ClydeFranklin}} (t/c) 21:48, 15 April 2023 (UTC)

BookMyShow
Company typePrivate
Industry
  • Ticket distribution
  • Videos streaming
Founded2007
FounderAshish Hemrajani[1]
Parikshit Dhar Rajesh Balpande[2]
Headquarters
India
Area served
India, Sri Lanka, Indonesia etc.[3][4]
Services
  • Online tickets selling
  • Pay-per-view films, videos of singing, acting, lyrics writing workshops, classes
Total equityReliance industries – 39 %
ParentBigtree entertainment Pvt Ltd [2]
Websitehttps://in.bookmyshow.com

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$18 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]

  1. ^ https://in.bookmyshow.com/aboutus
  2. ^ a b Kavya Kothiyal (19 July 2018). "BookMyShow owner raises $100 million from TPG, others | Mint". Livemint.com. Retrieved 28 March 2023.
  3. ^ Sri Lanka Cinemas[dead link]
  4. ^ "BookMyShow: BookMyShow separates SE Asia Arm - The Economic Times". The Economic Times. M.economictimes.com. 4 December 2019. Retrieved 28 March 2023.
  5. ^ "The Incredible Story Of How BookMyShow CEO Ashish Hemrajani". www.india.com. Retrieved 10 July 2023.
  6. ^ "BookMyShow lays off 200 employees amid Covid-19, CEO urges 'new home' for staff". Hindustan Times. 11 June 2021. Retrieved 24 March 2023.
  7. ^ "BookMyShow Idea Was Conceived By 3 Friends on Vacation: Founder". NDTV.com. Retrieved 24 March 2023.
  8. ^ 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 28 March 2023.
  9. ^ Written By: PTI (30 October 2018). "BookMyShow net loss widens to Rs 140.25 cr for FY18 | Zee Business". Zeebiz.com. Retrieved 28 March 2023.
  10. ^ Mittal, Apoorva (12 April 2022). "BookMyShow sees business fast approaching pre-Covid levels". The Economic Times. ISSN 0013-0389. Retrieved 4 October 2023.
  11. ^ Jha, Lata (27 May 2022). "BookMyShow sells record tickets as audiences throng cinemas". mint. Retrieved 4 October 2023.
  12. ^ Nick Rego (4 August 2021). "BookMyShow expands to allow users to book tickets to UAE cinemas and local attractions". TechRadar. Retrieved 4 October 2023.
  13. ^ "Bookmyshow bags exclusive ticketing rights from BCCI for IPL Season 15". www.business-standard.com. 23 March 2022. Retrieved 24 March 2023.
  14. ^ https://www.business-standard.com/article/sports/bookmyshow-bags-exclusive-ticketing-rights-from-bcci-for-ipl-season-15-122032300688_1.html
  15. ^ "Not just tickets, BookMyShow now lets you buy, rent movies. But can it beat the OTTs?". Moneycontrol. 5 February 2021. Retrieved 4 October 2023.
  16. ^ Bureau, Our (5 February 2021). "BookMyShow launches pay-per-view platform BookMyShow Stream". BusinessLine. Retrieved 4 October 2023.
  17. ^ Jha, Lata (3 July 2023). "BookMyShow Stream partners with MUBI to bring international titles to the service". mint. Retrieved 4 October 2023.
  18. ^ Jha, Lata (6 March 2023). "BookMyShow Stream inks partnership with British company ITV Studios". mint. Retrieved 4 October 2023.
  19. ^ Jha, Lata (29 August 2022). "BookMyShow Stream to premiere BBC shows". mint. Retrieved 4 October 2023.
  20. ^ "PVR Cinema Book My Show sign 5-year agreement". First Post. 15 July 2013.
  21. ^ VATSALYA, PANKAJ (28 May 2019). "Bail denied to credit card fraud accused". The Hindu.
  22. ^ "BookMyShow, PVR Booked For Charging Customers Extra Fee on Tickets". The Quint. 14 March 2019.
  23. ^ Vamshidhar, Vujjini (21 June 2022). "Probe ordered against BookMyShow for forming cartel". Deccan Chronicle.


Category:2007 establishments in India Category:Online companies of India

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