Reliance Big Entertainment in new Hollywood deals
06 February 2009
Reliance Big Entertainment, which signed a deal with DreamWorks SKG for a new $1.2-billion film company last September, today said it has struck separate deals with seven Hollywood production houses run by some of the top actors, including George Clooney, Brad Pitt and Tom Hanks.
The Anil Ambani Group firm said it has signed deals with Julia Roberts' Red Om Films and Brett Ratner's Rat Entertainment to expand its presence in Hollywood.
The Anil Ambani Group is likely to co-finance projects with nine Hollywood production houses, the company said in a statement.
The statement said it has shortlisted over 20 handpicked projects to be co-produced with the nine production houses, and most of these will generate content during 2009.
The company, however, did not disclose financial details of the new deals.
''Our foray into Hollywood has proven very productive on the development front, and we are now looking forward to moving into the filmmaking stage over the coming months,'' Amit Khanna, chairman of Reliance Big Entertainment, said in the statement.
Billionaire investor George Soros last year paid $100 million for a small stake in Reliance Entertainment, and its venture with DreamWorks SKG will start shooting films by the summer.