Friday, November 12, 2010

Reliance (Anil Ambani) & Universal Studios’ Bollywood Theme Park in India

 

Reliance (Anil Ambani) & Universal Studios’ Bollywood Theme Park in India

According to WSJ,

India's Reliance ADA Group is in talks with Universal Studios to build a $1.5 billion theme park and resort in India, seeking to capitalize on rising demand for entertainment in one of the world's fastest-growing markets, a person familiar with the matter said.

Reliance, a media-to-energy conglomerate backed by billionaire Anil Ambani, would be full owner of the park but would pay Universal royalties and fees for using brands and content linked to popular Hollywood movies such as "Jaws," "E.T.," "Spider-Man" and the "Harry Potter" franchise, this person said.

This is really a cool thing. India will also now have its own Theme Park just like USA. Anil Ambani is the Chairman of Reliance ADA Group and a Forbes Billionaire and India’s one of the most richest person.

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