The proposed Modi United Artists alliance will establish a string of recreation and cinema multiplexes in 18 cities over five years. Each multiplex will include 10-12 movie screens, seating and fast food restaurants, music stores and shopping plazas. Neither side will reveal investment details.
News of the plan follows the announcement that Warner Bros. International will set up a wholly-owned subsidiary in India with an initial investment of $58m. Warner has already tied with Bombay-based Sterlite Group for a chain of multiplexes in the western state of Maharashtra.
Copyright August 1996 Crain Communications Inc.