Adlabs acquires majority interest in Malaysian cinema chain Lotus Five Star
Posted on: May 5, 2008
Adlabs Films Limited, part of the Reliance 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 Group, 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.
About Adlabs Films Ltd
Adlabs, a member of the Reliance Group, is the only integrated movie and entertainment company in India with a presence in production of films, TV content and animation, film processing and services, domestic and international distribution of content and operating the largest cinema chain in the country. Adlabs enjoys a dominant position in all its business segments. (www.adlabsfilms.com, www.adlabscinemas.com)
About Cinema Park Network
Cinema Park Network (www.Cinema-Park.com) is a pioneer and international leader in the production of multi-sensory educational films. Cinema Park has a vast experience of more than twenty years in this field, and has successfully delivered more than 450 projects, such as the Millennium Pavilion in Disney World, Orlando, The Time Elevator, Oceanarium, The Hula Nature Reserve and Coca-Cola's visitors' center plus many more.
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