Parsvnath ties-up with Movietime

Parsvnath Developers has tied up with South America-based film exhibitor Movietime Cineplex.

By PTI | Aug 22, 2006, 03.50 PM IST

NEW DELHI: Capital based real estate company Parsvnath Developers has tied up with South America-based film exhibitor Movietime Cineplex. Under the tie-up, Movietime would manage the multiplexes built by Parsvnath as part of its retail project, a release said.

Parsvanath will lease out to Movietime 100 cinema screens being developed in various towns across the country, it said.

Parsvanth would lease its screen to Movietime, which runs 150 screens in South America and 34 screens across India, for a period of nine years, with a lock-in for six years.

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