In March, acclaimed Director Steven Spielberg was in India for the first time since he shot a segment of Close Encounters of The Third Kind in the country. Spielberg’s Dreamworks studio already has a $300 million investment from Reliance Entertainment based in India’s movie capital, Mumbai. While in Mumbai, Spielberg,...
Ambani celebrates first Oscar for Spielberg Partnership
Former Miss India Tina (Munim) Ambani and her husband, billionaire Anil Ambani were in town for the Oscars. Ambani invested $300 million for joint control of Steven Spielberg's Dreamworks Pictures, in a process that started in 2008. The first products from this partnership hit theaters in 2011. Octavia Spencer won...
Yikes, India's Sahara bids for MGM Entertainment
The Hollywood Reporter says that Lucknow, India based Sahara India Pariwar, may be ready to bid for Leo, the Lion and his MGM Entertainment. The Wall Street Journal reports that the bid for the studios that owns the James Bond franchise, (and precious little else) may be as high as...
India Billionaire comes to Hollywood
Anil Ambani and his $42 billion fortune are looking to make their mark in Hollywood. Negotiations are under way between Anil and legendary director Steven Spielberg to provide $600 million in equity, enough to let DreamWorks separate from parent Paramount Pictures (a Viacom entity). But Anil's Hollywood aspirations don't stop...