Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Africa's resources: re-examining the management of oil and gas

Read more

MEDIAWATCH

A closer look at Trump's Afghan policy

Read more

THE DEBATE

New President, Old War: Trump outlines his strategy for Afghanistan

Read more

MEDIAWATCH

Trump: An expensive president to protect

Read more

ENCORE!

Edinburgh at 70: front row at the Festival

Read more

FOCUS

Oil theft: a multi-billion dollar business fuels Mexican cartels

Read more

BUSINESS DAILY

French government, employers and unions begin final discussions on labour reforms

Read more

IN THE PAPERS

'Here are six costly failures from America’s longest war. No. 1: cashmere goats'

Read more

IN THE PAPERS

Charter of transparency…but no official ‘first lady’ title for Brigitte Macron

Read more

Bollywood to help Dreamworks break free

Latest update : 2008-06-19

According to the Wall Street Journal, the Indian telecom giant Reliance ADA Group is planing to invest between 5 and 6 hundred million dollars in Steven Spielberg's DreamWorks SKG in order to help it break away from Paramount Pictures.

Founded by movie moguls Steven Spielberg and David Geffen, US studio Dreamworks has been looking to secure enough financing to regain its independence from Viacom's Paramount Pictures by the end of the year.

The deal would give Reliance a "large stake" in a new, independent DreamWorks, the Journal reported, citing sources close to the deal.

After a break from Viacom, DreamWorks SKG would keep its name, but would have to give up its rights to films produced in the short period the two companies were united.

In addition to the injection of money from Reliance, DreamWorks will need to raise an additional 500 million dollars to put forth a slate of six films a year, the Journal said.

DreamWorks makes both live action films, such as "Saving Private Ryan," and animated movies, including "Shrek" and the current hit, "Kung-Fu Panda."
 

Date created : 2008-06-19

COMMENT(S)