Reliance Big, the entertainment arm of the Anil Dhirubhai Ambani Group, on Sunday took a giant leap into Hollywood by entering into a slew of development deals with production houses promoted by leading Hollywood names such as George Clooney, Nicholas Cage, Tom Hanks, Brad Pitt, Chris Columbus, Jim Carrey and Jay Roach.
The move is in line with the company’s vision of becoming one of the largest entertainment conglomerates in the world. The Hollywood entities involved in the development deals, brokered by Los Angeles-based Creative Artists Agency, are Cage’s Saturn Productions, Carrey’s JC 23 Entertainment, Clooney’s Smokehouse Productions, Columbus’ 1492 pictures, Hanks’ Playtone Productions, Pitt’s B Entertainment and Roach’s Everyman Pictures.
Reliance Big is hoping to have a slate of 10 films, estimated at around $1 billion, ready for release by 2010. The above-mentioned actors will be responsible for the creative aspects—script, casting and production.The company sees the development deals as the first major investments in Hollywood and a building block in the creation of a virtual studio or a new-generation media company, and an integral part of the company’s long-term strategy for media investments in Hollywood, to become a fully-integrated movie company with substantial holdings in production, distribution and exhibition. The deals also ensure that the company will have the complete Indian rights for the films that Reliance Entertainment co-finances.
Related Story:
ADAG goes to Hollywood with blockbuster plans
No comments:
Post a Comment