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, who was accompanied by his wife Kate Capshaw, announced that Dreamworks and Reliance have decided to create a new movie to be shot in scenic Kashmir near the troubled India-Pakistan border.
In other news, Oscar winning El Segundo special effects company Rhythm & Hues, Inc. was bought by India’s Prana Studios. Earlier Mumbai-based Prime Focus acquired Frantic Films VFX.
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Hollywood ramps collaboration with India
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