The Wall Street Journal reports that Reliance ADA Group is negotiating with Universal Studios to replicate its  movie-themed amusement parks in India. The result would be a $1.5 billion new park that covers 400 acres –in either New Delhi or Mumbai–and would combine Universal park attractions with others devoted to Bollywood films. Universal would take a licensing fee for its branded attractions that include themed attractions involving such Marvel Comics characters as Spider-Man, The Hulk and Doctor Doom–deals made well before theme park rival Disney bought Marvel–as well as Dr. Seuss attractions. There are also the venerable rides based on the films of Reliance’s DreamWorks partner Steven Spielberg–who gets a cut of theme park receipts–with Jaws, E.T. and Jurassic Park. Universal’s Islands of Adventure just opened an entire wing of the park devoted to the Warner Bros franchise Harry Potter, which recently opened after two years of construction, highlighted by a ridiculously ambitious simulator ride housed within a replica of Hogwarts Academy that has been carved into a faux mountainside setting that is as overwhelming as the $200 million I’m told was spent to build it. WSJ qualifies that the deal is in the talking stage, but it would mark Reliance’s latest foray into Hollywood. Besides its partnership with DreamWorks, Reliance made first look deals with the production companies of Brad Pitt, Chris Columbus, Jay Roach, George Clooney, Jim Carrey, Tom Hanks, Ron Howard and Brian Grazer, Nicolas Cage and Brett Ratner. Reliance intends to co-finance the films developed under those deals. Reliance also acquired a majority stake of Stuart Ford’s foreign sales and financing company IM Global, which will be expanding its reach.

Get the latest Industry news sent straight to your Wall.