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Adlabs Films to be renamed Reliance Mediaworks
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Adlabs Films, a member of the Reliance ADA Group, has announced that it proposes to change its name to Reliance MediaWorks Limited, subject to shareholders' and other requisite approvals.
The original name, Adlabs Films, was reflective of the company's initial business as a film processing laboratory. Pursuant to the Reliance ADA Group acquiring the controlling stake in Adlabs in the year 2005, the company has witnessed transformational growth in the canvas and scale of its operations.
Reliance ADA Group's financial strength and management expertise have acted as a catalyst in expanding the company's leadership across various inter-related businesses of exhibition, film and media services, and television software.
Commenting on the development, Anil Arjun, Chief Executive Officer said, "The name Reliance MediaWorks Limited more accurately reflects our identity as a diversified film and media services company with a global presence."
The company has a presence in the film exhibition business in India and internationally; and has entered new segments of the film production value chain including digital post-production, digital cinema mastering, studios/shooting floors, film and TV equipment rentals, visual effects and image enhancement and film restoration BPO.
The company's operations include a 100% owned a premier digital restoration facility in Los Angeles, California.
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