India's Reliance To Invest in DreamWorks

India's Reliance Big Entertainment has reportedly invested in filmmaker Steven Spielberg's co-founded DreamWorks, according to The Wall Street Journal.The $500 million deal is expected to allow DreamWorks to sever ties to its owner, Viacom’s Paramo

April 6, 2018

India's Reliance Big Entertainment has reportedly invested in filmmaker Steven Spielberg's co-founded DreamWorks, according to The Wall Street Journal.

The $500 million deal is expected to allow DreamWorks to sever ties to its owner, Viacom’s Paramount Pictures. Reliance Big Entertainment is also reported to be raising an additional $700 million through J.P. Morgan Chase & Co.

According to Reliance Big Entertainment’s Web site, the company is involved in the production areas of gaming, movies, animation, music, sports and user-generated content.

No official statements have been made by either DreamWorks or Reliance Big Entertainment at this time.

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