Top Story


Home >> Media - Others >> Article

Spielberg’s DreamWorks, Reliance ADAG close to forming new movie venture

Font Size   16
Spielberg’s DreamWorks, Reliance ADAG close to forming new movie venture

Once the deal materialises, it could be India’s dream foray into Hollywood big league. DreamWorks SKG, the film studio of Steven Spielberg and David Geffen, and Reliance ADAG are in talks to form a new movie venture. As part of the deal, Reliance is likely to pump in $500-$600 million in equity into the venture.

The news first appeared in Wall Street Journal on Wednesday. According to the paper, the capital provided by Reliance would help DreamWorks to part ways from Viacom Inc’s Paramount Pictures later this year.

The paper further reported that the Reliance-DreamWorks movie venture would produce about six films every year.

WSJ also stated that the new company might be headed by DreamWorks CEO Stacey Snider.

Reliance officials are tightlipped about the deal. Further details are awaited.


NP Singh, CEO of Sony Pictures Networks India, talks of SPN’s growth drivers, pay wall for content, sharing IP and more…

The future of the industry will be 1:1 advertising as traditional channels, like television, become more addressable: Bryan Kennedy, Epsilon

The Founder of Pocket Aces shared his insights on how the consumption of content has evolved and how digital media is growing as the preferred medium of entertainment.

The production house has already established itself as the leader in the non-scripted genres. However, Rege now wants Endemol to achieve the same in the original scripted zone and film production

A look at the South Indian movies which boosted the viewership of certain channels in week 45 (November 4-10)

The Indian advertising industry currently stands at Rs. 56,398 crore, predicted to grow at a rate of 14 per cent by 2017

Naidu also talks about the ushering in of a new era of digital payments and says this is just the beginning and there’s lots of space for newer players to step in and evolve