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Adlabs acquires majority interest in Malaysian cinema.
May 5, 2008 7:45:02 PM IST Bollywood Trade News Network
Adlabs Films Limited, part of the Reliance Anil Dhirubhai Ambani Group, has entered into an agreement for acquisition of majority and controlling interest in Malaysia-based Lotus Five Star Cinemas and will be operating a 51 screen cinema chain in Malaysia.
The chain will have a footprint across Malaysia and will be playing mainstream Hollywood films as well as Chinese and Malay, in addition to movies in Indian languages such as Hindi and Tamil.
Anil Arjun, Senior Vice President - Reliance ADAG, said,"This acquisition will strengthen Adlabs Cinemas' international presence. The international network, in addition to Malaysia, comprises 220 screens covering the East, Mid West and West Coast of USA as also Mauritius and Nepal."
Adlabs Cinemas is the largest cinema chain in India and presently has 160 screens nationwide.