BIG Cinemas, Cinepolis in talks for alliance

The Mexico-headquartered Cinepolis, the world’s fifth largest multiplex operator with over 2,500 screens, is in talks with the Anil Ambani-promoted BIG Cinemas for a strategic alliance.

The alliance may entail buying a stake in some of BIG Cinemas’ screens.

BIG Cinemas is the exhibition arm of Reliance MediaWorks (RMW), which also has a presence in film services, including motion picture processing, studio facilities, film restoration, equipment rentals, visual effects, animation and post-production.
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Reliance MediaWorks in expansion mode with South India focus

Reliance MediaWorks, the entertainment arm of the Anil Ambani-led industrial house, is expanding its domestic operations across films, TV commercials and broadcasting through strategic alliances and leveraging existing tie-ups.

The company is particularly looking at south India, where it has recently partnered with VenSat to expand its animation capabilities, as also to create a studio in Chennai, a statement issued Wednesday said.
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Reliance Mediaworks image-processing technique bags Oscar

Members of Reliance Mediaworks’ Global Imaging Technology Centre will receive the prestigious Academy plaques at the Academy of Motion Picture Arts and Sciences’s Scientific and Technical Awards 2012, to be held Feb 11. The technique for which the award is being given is for the development of Lowry Process — a system for the reduction of noise and other disturbances, thereby providing high quality images required by the filmmaking process.
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Reliance MediaWorks in pact with Japan’s Imagica Corp

Reliance MediaWorks Ltd announced BSE on Wednesday that the company has entered into a memorandum of understanding with Japan’s Imagica Corp to offer film restoration, image processing and enhancement and HD conversion services to Japanese broadc asters and studios.

Reliance MediaWorks is the country’s fastest growing film and entertainment services company and a part of the Reliance ADA group.
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Reliance MediaWorks Partnership with In-Three for 3D films

Reliance MediaWorks has partnered with Los Angeles-based In-Three to establish a facility in India that will convert 2D films and videos into 3D.

The facility, which will commence work from February next year, will address the growing demand by Hollywood studios and other global content creators for converting both new films shot in 2D as well as older titles to be released in cinemas and on home platforms in stereoscopic 3D.
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Reliance MediaWorks has a robust business model

From a post-production house to one of the leading entertainment companies, Reliance MediaWorks (formerly Adlabs) has come a long way. Mr Anil Arjun, Chief Executive Officer, expects a turnaround this year as a host of releases are lined up after a lull in April-June. He spoke to Business Line about the industry’s outlook, plans and the idea for brand change.

While you posted a loss in Q2, do you believe that it was still better with the new revenue sharing agreement in place?
We have seen a major gain in performance between Q1 and Q2. Our EBITDA from operations grew to Rs 35 crore and losses were down from Rs 65 crore (in the preceding quarter) to Rs 11 crore. Depreciation and interest were high because we went through a large capital expansion in the past year. I see a lot of benefits flowing from Q3 onwards and reflecting positively on our growth and profits.
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Adlabs Films renamed with Reliance MediaWorks

Anil Ambani Group firm Adlabs Films said it has changed its name to Reliance MediaWorks as the new name more accurately reflects its identity as a diversified film and media services company.

The company’s name has changed Reliance MediaWorks Ltd effective from October 5, 2009. The company has received the certificate from the Registrar of Companies, Maharashtra registering the aforesaid change in name, Adlabs Films said in a filing to the Bombay Stock Exchange.
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Adlabs gets shareholders approval for name change, fund raising

The shareholders of Anil Ambani group firm Adlabs Films have approved proposals entailing a name change of the company to Reliance MediaWorks and raising of additional funds.

Shareholders of the company at its meeting held yesterday have approved a special resolution for change in name of the company from Adlabs Films to Reliance MediaWorks, the company said in a filing to the Bombay Stock Exchange.
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Big cinemas plans to add 100 more screens by next year

Big Cinemas, a subsidiary of the Reliance Anil Dhirubhai Ambani Group (R-ADAG), plans to add around 100 more screens to its existing network by next year.

Big cinemas today is Indias largest cinema chain with a dominant network of over 213 screens spread across 66 cities. The company is proposing to scale up the network by adding 100 more screens by next year leading to a presence across 85 cities and would cater to more than 35 million customers annually in India, said a company statement released here Thursday.
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