Mukesh Ambani, Yashraj and Adlabs founder may team up for multiplex foray

After the talks of a JV between Reliance Retail and Yash Raj Films for a multiplex foray, there is now talks of Manmohan Shetty, founder of Adlabs Films to team up for a nationwide operation of 500 screens.

It is likely that Manmohan Shetty may quit Adlabs as it is now with ADAG and is also in process of name change. YRF and Shetty will form a company producing movies, games and other shows, and would provide content to Reliance entertainment venture.

The deal is likely to prove a success given all the big names are involved in the venture who have long standing status in their respective fields. Also Yashraj Films would release all its films in its theatres and hedge against its confrontation with other multiplex operators as witnessed recently.

For Mukesh Ambani, it would mean an entry into ADAG’s territory as it aims to become an integrated media player with entry into multiplex, content production and broadcasting business. source