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Friday, July 17, 2009

Big Deal For Anil Ambani

Anil Ambani’s dream to be big in the entertainment sphere has come close to reality with his $825 million strategic alliance with Dreamworks.

So, what will this big deal mean for the entertainment giant?

Steven Spielberg, founder of DreamWorks, said, “We really like Ambani's and Reliance's creative philosophy."

Meanwhile, Amit Khanna, chairman, Reliance Big Entertainment, said, “We have formed this alliance to tie up with top Hollywood talent. Although Hollywood contributes to just 5 per cent of the Indian box-office collections, it still rules the global movie bazaar with over 50 per cent of the global box office revenues.
No wonder Ambani is willing to write a cheque of Rs 4,000 crore—a third of what Bollywood generates in a year.”

Well, he's got all ends tied up and this man, the billionaire investor George Soros, will play a key role as the show takes off.

In 2006, Paramount sold Spielberg's action movie catalogue to Soros. In 2008, Soros picked up three per cent in Reliance Entertainment.
In 2009, Reliance Entertainment ties up with Spielberg.
Anil Ambani, chairman of ADAG, said, "We can collaborate or coordinate with George Soros and his movie library in a separate deal."
Ambani had earlier sealed independent financing deals with Hollywood's top stars from George Clooney to Tom Hanks to Julia Roberts and Spielberg adds to Ambani's desi tadka.

 

source: NDTVPROFIT

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