Anil Ambani Steven Spielberg

Anil Ambani Steven Spielberg

Anil Ambani is the billionaire Indian Business tycoon having net worth of US $ 13 Billion according to Forbes 2010. While Steven Spielberg is American movie director, screen writer and a film producer.

Anil Ambani's Reliance Big Entertainment signed $825 million deal with Steven Spielberg for their Los Angeles based productionhouse, Dreamworks Studios to make six films a year for global audiences.

Wall Street Journal has reported that, Mumbai-based Reliance ADA Group would provide Mr. Spielberg and company with $500 million to $600 million in equity, moving them one step closer to ending one of Hollywood's most contentious and closely watched battles. In Reliance, the DreamWorks team also would have an unusual and ambitious partner in the film business: an Indian firm with interests in telecommunications, financial services and entertainment that wants to build a media empire by financing Hollywood pictures.

This is really a good move by Anil Ambani and his group and also good for the Indian Cinema lovers…!!!