Spielberg-Clooney-Roberts come to Bollywood
July 17th, 2009 - 1:41 pm ICT by Sampurn WireIndia’s Reliance group has pledged $325 million financing to Steven Spielberg and made production agreements with George Clooney and Julia Roberts’ production houses, according to reports.
This is one of the largest deals in global cinema, Anil Ambani’s Reliance Big Entertainment and noted Hollywood filmmaker Steven Spielberg have announced $825-million funding for their Los Angeles-based production house Dreamworks Studios to make six films per year.
“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,” Ambani said.
“We have a golden opportunity to have a better control over our product,” said Spielberg.
Looking forward to visit India, Spielberg wants to meet with filmmakers, scriptwriters and actors and see how they can collaborate.
Alluding to his strained relationship with Paramount, Spielberg added, “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.”
Last year, Reliance tied-up with firms of such stars as Brad Pitt, Tom Hanks, Julia Roberts, Nicolas Cage, Jim Carrey and George Clooney, to develop Hollywood projects. - Sampurn Media
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- Reliance DreamWorks films get 11 Oscar nominations - Jan 25, 2012
- Anil Ambani, Spielberg secure $825 mn for DreamWorks - Aug 18, 2009
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- Reliance BIG Entertainment, Brad Pitt acquire 'The Imperfectionists' (Lead) - Jun 17, 2010
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