Anil Ambani signs $825 mn deal with Spielberg
New York, Jul 16: Anil Ambani's Reliance Big Entertainment signed $825 million deal with Steven Spielberg for their Los Angeles based production house, Dreamworks Studios to make six films a year for global audiences.
Ambani and Spielberg in a joint global conference said the movies produced by Dreamworks will be distributed by Walt Disney globally, while the exclusive rights for India will be with Reliance Big Entertainment.
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Ambani
said,
"Clearly,
the
outlay
of
$825
million
is
what
we
are
aiming
at
in
the
next
three
years
-
$325
million
will
be
in
the
form
of
equity,
$150
million
will
come
from
Disney,
while
the
rest
will
come
from
banks
and
others." He
also
added,
"There
is
no
scaling
up
or
scaling
down
of
investment.
We
will
begin
with
$825
million
and
this
is
the
largest
in
recent
times."
Spielberg said he was looking forward to films produced by Dreamworks as also to visit India soon to meet with filmmakers, scriptwriters and actors to see how they can all collaborate.
"We have a golden opportunity to have a better control over our product," Spielberg said. "I am very excited that we are in business again and we are independent of any motion picture studio. Now, we feel we have the independence in our partnership with Reliance," Spielberg added.
OneIndia News