Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Ghanaian President Mahama concedes defeat to opposition leader Afuko-Addo

Read more

MEDIAWATCH

Trump's TV Career Continues

Read more

THE WORLD THIS WEEK

President Park Impeached, Ghana's High Stakes Election (part 1)

Read more

THE WORLD THIS WEEK

Aleppo Offensive, Renzi Resigns, Trump's Cards (part 2)

Read more

ENCORE!

South Korea: An inside look at the K-pop wave

Read more

#THE 51%

Diving back in: Offering support for French mothers returning to work

Read more

REPORTERS

Chaotic post-hurricane relief efforts in Haiti

Read more

PEOPLE & PROFIT

Cash crunch casualties: India's wedding industry suffers from currency changes

Read more

FOCUS

Ivory Coast faces uphill battle against counterfeit medicine

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)