Movies

Adlabs to foray into US market with 200 screens

MUMBAI: Anil Ambani‘s Adlabs Films is taking the jump overseas, following a trend already visible when Chennai-based Pyramid Saimira Theatre Ltd (PSTL) bought out Texas-based FunAsia to start the process of owning a chain of theatres in the US.

Adlabs FIlms on Monday said it has entered into agreements with several existing cinema properties in the US to operate 200 screen cinema exhibitions.


The company offered no details on whether these were total buyouts.


The chain of cinemas will cover 28 cities in the US including key markets in East, Mid West and West Coast.


Besides Hollywood, the chain of cinemas will be playing films in Indian languages like Hindi, Tamil and Telugu.


Adlabs Cinemas currently operates one Imax theatre, 37 properties and 112 screens across India.


PSTL is investing $75 million to expand operations in the North American region where there is a growing affluent population of South Asians who enjoy Bollywood fare.


For Adlabs, expect the size of investments to be more.

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