India media giant eyes $2B DreamWorks deal
By Behind The Scenes TV on Jun 25, 2008 in Film Business, Hollywood
India’s Reliance Entertainment and other investors are in talks with Hollywood’s DreamWorks SKG to raise up to $2 billion to create a movie venture, two people familiar with negotiations said Tuesday.
Dreamworks, the movie studio founded in 1994 by Hollywood moguls Steven Spielberg, David Geffen and Jeffrey Katzenberg, is looking to raise a total of $2 billion from investors — $1 billion in equity and another $1 billion for new movie projects, the two people with knowledge of the talks told The Associated Press. They said they could not be named because negotiations were ongoing.
(USA Today)
