Over the last few years, the Hindi film industry has seen the emergence of a lot of big corporate players the biggest being the Anil Ambani owned Reliance Big Entertainment. The company, which has already made its presence felt across areas such as film production, distribution, exhibition, home video, DTH and music, has now bagged one of the most lucrative deals in the history of Indian cinema.
Reliance Big Entertainment has inked a 1.5 billion $ deal with Steven Spielberg's DreamWorks SKG to set up a new age DreamWorks studio. The studio, to be based in Los Angeles, will produce 6 films per year for the next 6 years and the rights for all these films across platforms such as theatres, DTH, television, DVD's will remain with Reliance.The deal allows Spielberg to end a contentious three-year relationship with Viacom's (VIA) Paramount studio, which in late 2005 acquired the DreamWorks live-action studio for $1.2 billion.
A deal between Reliance and Dreamworks would help realize the global ambitions of the group's chairman, Anil Ambani, one of the world's richest men. The conglomerate has interests in everything from power generation to financial services. It is currently in negotiations to buy MTN Group, South Africa's largest mobile phone network operator.
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