Pyramid has $100 mil for China JV


NEW DELHI -- Leading Indian theatrical chain and entertainment group Pyramid Saimira Theatre said Monday that it is looking to invest $100 million in its recently announced joint venture in China.

The resulting joint venture company, Jiangsu Pyramid Longzhe Group, will create and operate theaters and distribute films, in addition to other entertainment, arts and cultural activities in China.

PSTL runs 53 multiplexes and about 800 screens in India, Malaysia, Singapore and North America and has plans of touching more than 2,000 screens worldwide by 2010.