Reliance Big buys Hollywood distributor IM Global
Tuesday, May 11, 2010
Reliance Big Entertainment Ltd has bought a majority stake in IM Global, a Hollywood film sales company with bases in Los Angeles and London, in a bid to ramp up its own distribution abilities for Bollywood movies in key markets outside India such as the UK and US.
The move pits Reliance Big in direct competition with Eros International, the Kishore Lulla-promoted, London-based company that is the biggest distributor of Bollywood films outside India.
Financial details of the acquisition are not known.
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