Feb 8, 2009

Reliance Big Entertainment Sets its Sights on Hollywood

Anil Ambani's Reliance Big Entertainment (RBE) has mega ambitions. Recently in the news for buying the rights of Rakesh Roshan's kites for Rs. 150 crore, the company has got into co-venture deals with Julia Robert's Red Om Films and Brett Ratner's Rat Entertainment.

Reliance Big Entertainment will create a development silo for each production venture and it retains an option to co-finance the projects in addition to the rights in Indian markets.

Movie projects go through three stages - development, production, and distribution. RBE is currently immersed in the development phase.

In addition to these joint ventures, RBE also has creative partnerships with Nicolas Cage, Jim Carrey, George Clooney, Tom Hanks, Chris Columbus, Brad Pitt, and and Jay Roach - not to mention Steven Spielberg.