Indian corporate honcho Anil Ambani is in no petroleum or telecommunication deal this time, instead he recently signed on the dotted lines for an $825 million deal with greatest Hollywood filmmaker Steven Spielberg and made nation India’s entry into Hollywood with a bang.

What’s the deal with Los Angeles based production house is all about?

Anil Ambani will invest $825 million for making six films in a year. The movies that will be produced by DreamWorks Studios for global audience will be distributed by Walt Disney while India’s Reliance Big Entertainment would get the exclusive right for the films distribution in India, including DVD, theater rights and DTH. The first picture from DreamWorks production and under Touchstone banner will hit theaters in 2010.

DreamWorks board will include members such as Amitabh Jhunjhunwala from Reliance and Stancy Snider, partner of Spielberg’s production house.

Out of this first tranche of $825 million, $325 million is from Anil’s personal contribution in the form of equity, $150 million will be chipped in by Walt Disney,while rest of the money will be pumped by banks and financial institutions.

DreamWorks is always well known for making quality films and great works and with this joint venture with Disney and Reliance, the deal will sure be a success.

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