Rumor: Harry Potter Attraction Part of Theme Park to be Built in India?

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Jul 31, 2010

Posted by: EdwardTLC

Fans

The Wall Street Journal is reporting an Indian company, the Reliance ADA Group, is currently in talks with Universal Studios to bring to the country of India a theme park, much like their Universal Orlando Resort in Florida, the home of the recently opened Wizarding World of Harry Potter. The reported $1.5 billion venture, the paper reports, would feature a “variety of roller coasters and rides, shops with movie-related merchandise and nearby hotels,” and include “content linked to popular Hollywood movies such as “Jaws,” “E.T.,” “Spider-Man” and the “Harry Potter” franchise.” The WSJ article continues:

Reliance’s Big Entertainment subsidiary and Universal, a unit of General Electric Co.’s NBC Universal, still are discussing terms, but could reach a deal this year. One person familiar with the matter warned, however, that talks are at an early stage, and could yet break down.

A Reliance spokesman said his company doesn’t comment on market speculation. Universal declined to comment.

Reliance was drawn to Universal as a partner because in addition to its own properties, Universal acquires intellectual-property rights from other Hollywood studios, such as the “Harry Potter” series from Time Warner Inc.’s Warner Bros., according to a person familiar with the situation.

While this could very well be an exciting development, this news is stationed directly in the rumor category at this time.





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