MUMBAI: Anil Ambani-promoted Reliance Big Entertainment (RBE) is in the final stages of negotiations with Hollywood’s iconic director Steven Spielberg’s DreamWorks, according to a source close to the development. A deal is expected to be announced within the next one month, and will entail producing 30 movies across a four-year period.
The deal size is expected to be $1.5 billion and RBE will own close to 50% in DreamWorks once the transaction is concluded, the source added. When contacted, a Reliance-ADAG spokesperson offered “no comments” as his response. DreamWorks will invest the entire $1.5 billion in film production and it will have equal amounts of debt and equity, i.e. around $750 million each. RBE is the internet, media and entertainment arm of R-ADAG.
A Wall Street Journal story dated June 19 had said R-ADAG could invest between $500 million and $600 million by way of equity.
