Cinepolis's 1,500 cr for more 500 screens

MUMBAI: Global multiplex chain, Cinepolis, plans to open about 500 screens across 40 cities in India at an investment of around 1,500 crore by 2016, as per a top company official. The Mexico-based international film exhibitor that runs the megaplex format of cinema complexes plans to open a similar format in India with each megaplex featuring about 14 screens in a single complex. Each screen would be of 8,000 sq ft area.