Ambani’s Entry into Hollywood

Published by admin on May 20th, 2008 | Tagged Billionaires, Business, News

Indian Billionaire Anil Ambani enters Hollywood :

Anil Ambani’s Reliance Big Entertainment or RBE has signed deals with leading production houses in Hollywood, which include:

Nicolas Cage’s Saturn Productions

Brad Pitt’s Plan B Entertainment

Tom Hanks’s Playtone Productions

Jim Carrey’s JC 23 Entertainment

George Clooney’s Smokehouse Productions

Chris Columbus’s 1492 Pictures

Jay Roach’s Everyman Pictures

Reliance Big Entertainment is the entertainment arm of the Anil Dhirubhai Ambani Group or ADAG , the company will provide development funds to the production houses.A total of around 30 scripts will be considered, out of which 10 scripts will go into production by 2010.The value of the movies will be worth $1 billion.

The company has ambitious plans to become worth $ 10 billion in the times to come.

In February Global Financer and Billionaire, George Soros had bought 3% stake for $100 million in the company.The company was valued at $ 3 billion.