Big Cinemas to go on acquisition spree in South

Plans Rs 100 crore investment for same

 Following the footprints of Inox and PVR, Reliance MediaWorks is now focusing on acquisitions to strengthen the presence of its multiplex chain Big Cinemas with an investment of Rs 100 crore.  The company plans to enhance its footprint in the bigger southern metros such as Chennai and Bangalore by acquiring existing regional chains. The company already has its single multiplex in Hyderabad city.

Venkatesh Roddam, CEO, Reliance MediaWorks, said, “Big Cinemas is not yet as big and we would look at inorganic opportunities by acquiring single and smaller companies. We are in talks with certain chains in the South and plan to add 50 screens though acquisitions apart from also growing organically through an additional 50 screens this year.”