DreamWorks Animation has struck a deal with Technicolor to develop an animation facility in India in a further sign of Hollywood's willingness to use talent in international markets.
The names of the three projects are -- 'Pirate Latitudes', 'I am Number 4' and 'Harvey'.
While making the announcement, Anil Ambani, chairman of ADAG, said, the partnership with Spielberg and Snider is the cornerstone of the company's Hollywood strategy.
In an interview to The Times on Friday, Chief executive of Eros International Kishore Lulla revealed that he was recently approached by a banker to know whether he would consider buying a stake in Steven Spielberg's Dreamworks studio. Noting that the plans are for organic growth, the daily said while Lulla may want to build a studio on the Hollywood model, he is worried about making the investment.
Sources said the spin-off, a joint venture company, was yet to be named.
The company, which is the biggest stakeholder in DreamWorks Animation Studios, is in talks with bankers to identify and acquire up-and-coming mobile game studios in North America and Europe to boost sales
Reliance Entertainment, a unit of the Anil Ambani-led ADA Group, is expected to give $ 200 million to Hollywood director Steven Spielberg's DreamWorks Studios, a deal which will extend a new financial lease of life to the struggling California-based film company.
Anil Ambani's Reliance ADA Group formalised its association with DreamWorks Studios promoted by Hollywood director Steven Spielberg and his partner Stacey Snider.
The director leaves Viacom's Paramount studio for a $1.2 billion deal to launch his own filmmaking company with the India entertainment group.
Participant Media led by Jeff Skoll and Entertainment One, a leading US-based media company, are also part of the joint venture.
With new funding from India, Oscar winner Steven Spielberg is ready to move ahead with production and we all shall be able to see six-plus foot invisible rabbit Harvey in the near future.
Budget to match that of smash-hit sci-fi Avatar, the most expensive movie made till date.
In January, the company had decided to hand the charge of M&A to Suri.
We will do 7-8 high-end games for global markets every year, Manish Agarwal, CEO, Reliance Games
While RCom owes Indian banks close to Rs 45,000 crore, Ambani has lost close to $408 million of personal wealth year-to-date until Tuesday.
'Visibility is very important, but visibility is also very expensive.' Swapnil Joglekar explores the Parasite phenomenon.
In the next few weeks, the Bombay High Court will hear the institute's petition to review its 2011 directive to vacate the land it occupies in Film City.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances