Google+ Consumer Psyche: Hollywood: Bollywod Touch

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Thursday, June 19, 2008

Hollywood: Bollywod Touch

The legendary Hollywood director Steven Spielberg is edging closer to ending his fractious two-year relationship with Paramount Pictures – and is readying an alternative alliance with one of India's richest men.

Anil Ambani's Mumbai-based conglomerate, Reliance ADA – one of the biggest producers of Bollywood films – is planning to invest more than $500m (£255m) in Spielberg's production house DreamWorks SKG, which the Schindler's List director runs jointly with David Geffen. A cash infusion of $500-$600m from Reliance ADA, with debt financing of a further $500m, would allow an independent DreamWorks to produce half a dozen movies a year.

A Reliance subsidiary said it had signed agreements with several major Hollywood stars, including Jim Carrey, George Clooney, Tom Hanks and Brad Pitt, to help fund movies through their independent production companies.

Read the full story here.
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