ANIL AMBANI AND STEVEN SPIELBERG JOIN TOGETHER

One of the largest deals in global cinema in recent years, Anil Ambani’s Reliance Big Entertainment and Hollywood filmmaker Steven Spielberg on Wednesday announced $825-million funding for their Los Angeles-based production house DreamWorks Studios. They have decided to make around six films a year.Ambani and Spielberg, in a joint global conference call from New York, announce that the movies that are produced by DreamWorks will be distributed by the Walt Disney and the exclusive rights for India will be given to Reliance Big Entertainment.

Ambani said in a meeting that the outlay of $825 million is what we are aiming for the next three years. It will be achieved from various forms like $325 million will come from the form of equity,$150 million will come from Disney and the rest will come from the banks and other forms. Steven Spielberg said that he was looking forward for the films that are produced by DreamWorks and also to visit India as soon as possible to meet with the filmmakers, actors and to discuss with them as of all of them can collaborate. He added’ We have a golden opportunity to have a better control over the product. nil Dhirubhai Ambani Group ranks among India's top three industrial houses with areas including telecommunications, energy, finance, entertainment and infrastructure development. The group's business owns 428 cinema screens across India, the US, Malaysia and Mauritius, contributing 11 percent to the domestic industry's box office collections and 35 percent from the Hindi movies screened in the US.