India’s Reliance ADA Group is talking with Universal Studios about building a $1.5 billion, 400 acre theme park and resort in India.

Reliance’s Big Entertainment unit and Universal could come to an agreement this year, although someone familiar with the matter said that the discussions were in early stages and fail to amount to anything. 

A source said that Reliance ADA would claim full ownership of the venture but would pay Universal royalties and fees for using content linked to movies like “Jaws, E.T., Spider-Man, and Harry Potter.”

The park’s appearance would be similar to Universal’s parks in Los Angeles, Orlando, Florida, and Japan, with a large selection of roller coasters and rides, gift shops with movie-related products and hotels close-by.

Source: Reuters