Theatre chain Pyramid Saimira Theatre Ltd has entered into a three-year alliance with Bangalore-based Ritual Developers to develop 15 multiplexes covering an area of 15 lakh square feet in Karnataka. | |
| The multiplexes are proposed to come up in Bangalore, Tumkur, Dharwad and Mysore. |
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| Ritual Developers holds a land bank worth almost Rs 500 crore in Karnataka. Pyramid plans to house food courts, family entertainment centres and multiple entertainment services at its multiplexes. |
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| P S Swaminathan, MD, Pyramid Saimira, said in a release that the company aims to set up 2,000 theatre screens by 2010. |
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| "The agreement with Ritual to develop multiplexes across Karnataka takes us closer towards reinstating Pyramid as a global leader." |
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