Reliance Big Entertainment to fund 100 Indian movies
Mumbai: Reliance Big Entertainment (RBE), the movie production arm of Reliance ADAG, is spreading its wings further.
Although its recently-inked Hollywood deals are still at the gestation stage and nothing concrete has been announced about its offer to invest around $500-$600 million in Hollywood icon Stephen Spielberg's production firm Dreamsworks SKG, RBE has currently bankrolled 70 Indian movies, totalling an investment of about Rs.2 billion.
By the end of this year, the company will have a kitty of 100 Indian movies to be released within two years.
No other Indian entertainment company offers financial support to as many movies, not counting Hollywood films.
"Our objective is not only to produce entertaining movies, but also to create converged services and platforms for masses to access innovative, cutting-edge content," RBE chairman Amit Khanna told IANS.
Key content initiatives will include production and strategic collaboration in areas such as gaming, movies, animation, music, sports and user-generated content, among others, he added.
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Comment 1: I would like to see the day when Bollywood is no longer funded by terrorists and underground criminals (as it largely is currently), rather funded by India's own legitimate businesses.
Posted by : Prasad - Tuesday, July 29, 2008
Posted by : Prasad - Tuesday, July 29, 2008
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