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Star and Era Group betrothed in talks

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According to the sources available with www.propertykhazana.com, Engineering & Construction Chief Era Group and Star TV duo are in discussions to give an entry into the multiplex management business. Era will manage the construction and management of multiplex properties as Star will provide its name for it. Era Group has the chief proposals of mounting 120 screens in couple of years and up to now it is operating few screens in Meerut and Agra in Uttar Pradesh.
Era Group Chairman H S Bharana said to www.propertykhazana.com that, “We are discussing with the media group for the business, as the cinemas will be recognized as Star and we will invest and run them. Half of the assets will be built up and be possessed by us and rest of the things will be managed by other realty conglomerates.” Era Group is also proposing to hit long-term contracts with main realty players by developing malls and multiplexes to operate all the screens in coming ventures.
Source: NBTVLIVE

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