Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Donors pledge millions at Uganda refugee summit

Read more

MEDIAWATCH

Depp plumbs depths of bad taste

Read more

THE WORLD THIS WEEK

France's new frontman, America's absent center, May's Brexit gambit, Saudi royal reshuffle, after Mosul & Raqqa fall

Read more

REVISITED

Senegal’s Casamance hopes for new era of peace

Read more

THE INTERVIEW

FARC disarmament a 'historic day' for Colombia, says president

Read more

FASHION

Cruise collections: All aboard for Dior and Chanel's latest fashions

Read more

ENCORE!

Colombia comes to France

Read more

#THE 51%

The last taboo: Helping women and girls. Period.

Read more

DOWN TO EARTH

Who benefits when the ice caps melt?

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)