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Central Plaza owner Sharad Doshi: The pandemic was the decider
Updated On: 22 March, 2021 08:42 AM IST | Mumbai | Uma Ramasubramanian
While establishing that the single-screen business was struggling to stay afloat even before the pandemic, owner of Central Plaza, which downed shutters, on why OTT will triumph.
Central Plaza. Pics/Instagram
There’s little to debate when establishing that the theatre-business is among the hardest hit due to the pandemic. News of single-screen cinema houses being unprepared to deal with the calamity surfaced soon after restrictions were imposed, but the closure of Central Plaza, which downed shutters after 84 years, hit closer to home.
Sharad Doshi, owner of the plaza, says, “We knew that the virus was spreading and this was not going to be a short-term affair. We called our staff and decided to close down indefinitely. We don’t know the viability of the business, so, we decided to let the staff go after compensating them [for their services].”
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