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

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.

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.

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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)