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Steven Spielberg strikes Bollywood deal, bailout for hollywood ?
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by SOLARLIFE | October 6, 2008 at 05:56 am
398 views | 47 Recommendations | 19 comments
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The US bailout plan included Holywood movie makers; details say not more than $ 30.000 / month ( Paulson Plan ). Paramount and Spielberg separated today. Spielberg goes Bollywood with Indian Reliance ADA group. He will produce 35 movies in the next 5 years in India.
The maker of blockbusters including Jaws, Raiders of the Lost Ark and ET: The Extra-Terrestrial is leaving his long-time partner, Paramount Pictures, to set up a new company with India's Reliance ADA Group.
The $1.5 billion US-based venture will produce up to 35 movies over the next five years and is part of a Hollywood trend to harness the success of the booming Bollywood movie industry. JPMorgan Chase bank has part-financed the venture to the tune of $700 million.
News of the deal comes two days after 20th Century Fox struck a multiple movie deal with Vipul Amrutlal Shah, one of the most successful producers in Hindi-language cinema.
Reliance is run by chief executive Anil Ambani, recently ranked the world's sixth richest man by Forbes magazine.
Details emerged as Paramount announced an "amicable" separation from Spielberg and DreamWorks, the studio which produced the Oscar-winners American Beauty, Gladiator and A Beautiful Mind.
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Most RecentMost Recommended Comments (19)
at 09:39 on October 6th, 2008
SOLARLIFE, I like this story. It's good stuff.
at 09:52 on October 6th, 2008
Spielberg, I am with you and share your choice. Bollywood strength!
Sergio Piergallini has contributed a photo to this story.
at 10:20 on October 6th, 2008
Thanks Tina for Flag "Spielberg", the dinosaurs now from Bollywood with Shahrukh Khan
at 10:23 on October 6th, 2008
Sergio, thanks for Sidebar image report "Spielberg"
at 10:26 on October 6th, 2008
SOLARLIFE, I like this story. It's good stuff.
at 10:32 on October 6th, 2008
SOLARLIFE, I like this story. It's good stuff.
at 10:36 on October 6th, 2008
Jarett, thanks for Flag, "Spielberg goes Bollywood", what a time the Dow 9605 / - 700; if -1000 I go also pack my things for Bollywood; Iceland in front of bankruptcy. Helicopters flying money out of Monaco, a real Spielberg wall street story.
at 10:38 on October 6th, 2008
Thanks for Flag "Spielberg" JeffHuang, we all remeber one or the other breathtaking movie
at 11:31 on October 6th, 2008
It will be interesting to see the movies that get made as a result of this deal. Bollywood meets Indiana Jones; no doubt some cool costumes anyway.
at 11:50 on October 6th, 2008
hmm, spielberg in madame tussauds looks like a real one. i think;)
sempeck has contributed a photo to this story.
at 12:56 on October 6th, 2008
Thanks chowdawg "Bollywood meets Indiana jones", I think you hit the future problem of Spielberg in Bollywood. The new indiana jones was considered at the Cannes film festival on a high level, however the audience said to brutal; for India entertainment movies a change may be to expect.
at 12:58 on October 6th, 2008
sempeck, thanks for Sidebar image report "Spielberg"
at 13:33 on October 6th, 2008
SOLARLIFE, I like this story. It's good stuff.
at 13:40 on October 6th, 2008
Thanks Rhonda for Flag "Spielberg"
at 22:39 on October 6th, 2008
SOLARLIFE, I like this story. It's good stuff. Reliance top honcho is heavily investing in USA and focusing on expanding his media interest everywhere.
at 02:17 on October 7th, 2008
Sanjay Jha, I knew youwill like it "Spileberg goes Bollywood"; Reliance selling in the US
at 10:16 on October 7th, 2008
Kuwaiti londoner thanks for sidebar image report "Spileberg goes Bollywood"
at 04:09 on October 18th, 2008
SOLARLIFE, I like this story. It's good stuff.
WOW, This is a great article. Steven Spielberg is such a nice and humble guy. He does so many great things for the movie industry.
at 05:44 on October 24th, 2008
jaysonphotography..Spielberg does many great things for the movie industry, thanks for flag