July 13, 2008
Then: Anil Ambani's Reliance Big Entertainment (RBE) is all out to make its mark globally in the entertainment arena. After having inked seven production deals with the who's who of Hollywood in Cannes last month, the company has emerged as Steven Speilberg's DreamWorks, SKG's principal new financier. The company is reportedly in talks with DreamWorks to form a joint venture and is expected to pump close to $600 million for setting up a new venture with the Spielberg company. Apart from that, the new venture could raise another $500 million through debt financing. The proposed joint venture with RBE is expected to make six films a year. It isn't unlikely that a deal like this could happen. After all, RBE has had trysts with Hollywood before; it has tied up with stars like George Clooney, Nicholas Cage, Jim Carrey and Tom Hanks to work on low-cost, low-risk projects. RBE did its first major Hollywood deal in 2006 through group company Adlabs Films when it cut a five-year multiplepicture deal with Ashok Amritraj's Hyde Park Entertainment.
Now: Motion picture company DreamWorks Studios, a $825-million JV between Steven Spielberg and Stacey Snider on one hand and Anil Ambani's ADAG on the other, was formed in July 2009. Movies from its stable include Cowboys & Aliens, I Am Number Four, and The Help. Real Steel and War House are in production.