Dreamworks Studio gets $200 million funding from Reliance

The studio, which made The Help last year, will produce between three and five films a year, a slight reduction in the four to six that it initially announced, said the person.

hidden April 11, 2012 10:26:01 IST
Dreamworks Studio gets $200 million funding from Reliance

Dreamworks Studio, the film company headed by superstar director Steven Spielberg, will get around $200 million from its partner Reliance Entertainment so that it continues making films, according to a person with knowledge of the transaction.

Dreamworks Studio gets 200 million funding from Reliance

Director Steven Spielberg. Reuters

The financing is the second part of a 2009 agreement to finance the studio. Reliance Entertainment, a unit of Reliance ADA Group, provided the partnership with $325 million capital for an undisclosed stake.

The studio, which made The Help last year, will produce between three and five films a year, a slight reduction in the four to six that it initially announced, said the person.

Reuters

Updated Date:

also read

Future of cinema, Amitabh Bachchan's talking point with Spielberg
Entertainment

Future of cinema, Amitabh Bachchan's talking point with Spielberg

Bollywood megastar Amitabh Bachchan's meeting with acclaimed Hollywood filmmaker Steven Spielberg, whom he calls an "institution", was one full of talks on the state of Indian cinema and the future of cinema at large.

Amitabh Bachchan excited to meet Steven Spielberg tonight
Entertainment

Amitabh Bachchan excited to meet Steven Spielberg tonight

Megastar Amitabh Bachchan is looking forward to welcoming acclaimed Hollywood director Steven Spielberg who is said to be visiting the country to celebrate the success of his Oscar-winning film Lincoln.

After Howard Hughes and J Edgar, DiCaprio to play Woodrow Wilson onscreen
Fwire

After Howard Hughes and J Edgar, DiCaprio to play Woodrow Wilson onscreen

After Steven Spielberg's 'Lincoln', Woodrow Wilson's life is getting a big screen treatment with Leonardo DiCaprio starring in the biopic on the 28th president.