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Reliance media, China's Dalian group in tie-up

HT Correspondent, Hindustan Times  Mumbai, December 13, 2012
First Published: 21:24 IST(13/12/2012) | Last Updated: 21:26 IST(13/12/2012)

Anil Ambani-led Reliance MediaWorks on Thursday announced a deal with China's Dalian Wanda Group to build integrated township projects in India involving an area of about 20 million sq ft in two projects.


Reliance MediaWorks would also explore possible co-operation with the Wanda Group in the multiplex business in India and the US, the companies said in a statement, without giving financial details.

Wanda group is the world's biggest move theatre owner, which acquired US multiplex operator AMC Entertainment for  $2.6 bn. The group plans to spend $10 bn in North America in ten years.

(with agency inputs)

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