Just read reports that India’s Reliance Entertainment has pumped in $500 million in equity towards a 1.3 Billion investment that would help Hollywood’s Dreamworks establish itself as an independent studio!
According to Reuters the deal with Reliance allows the studio co-founded by director Steven Spielberg to leave Paramount Pictures. Apparently Spielberg has not been having a good time at Paramount where he often clashed with it’s studio chief.
I guess this is a win-win for both parties. Spielberg gets to go ahead with a new company, and Reliance Entertainment gets to build their brand further.
The LA Times says that this occasion might be a reason for Hollywood to celebrate. “With so many companies foundering, in a desperate search for funding or totally out of business, seeing DreamWorks back up and running with a nice chunk of cash in the bank is probably music to the ears of agents, producers and screenwriters everywhere.”
This isn’t the first time that Hollywood’s seeing Asian participation in it’s business. The last I remember was Sony’s purchase of Columbia Pictures back in 1989! Not sure there were many Asian entrants since.
Well, am quite glad to see more and more Indian companies going global 
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