|
MUMBAI:
Reliance ADAG's Adlabs Films Ltd, through its
US subsidiary Adlabs Films USA, has signed a
partnership deal with ImaginAsian Entertainment,
Inc, a player in promoting Asian Pacific American
culture to mainstream America.
Adlabs
will operate a 240-screen movie theatre chain
in the US from the second quarter of 2008. As
part of its US strategy, Adlabs will show Hollywood
films as well as cinema from South Asia and
East Asia. ImaginAsian, with its marketing and
distributing of Asian Pacific content, will
supplement, support and provide content related
to South Asia and East Asia.
The
deal was jointly announced in New York by ImaginAsian
Entertainment COO and president J Edward Lee
and Adlabs Films USA business head (North America)
Uday Kumar.
Kumar
said that the partnership could allow Adlabs
and ImaginAsian to build significant scale in
the market, and provide the opportunity to leverage
and grow their collective assets, including
the theatres and cable TV network.
"Adlabs'
entry in the US market marks yet another major
Asian industry leader demonstrating their commitment
to growing the Asian American media space,"
said Lee.
|