Reliance Ent to give USD 200m to Spielberg's Dreamworks
April 11, 2012  12:45

Reliance Entertainment, a unit of the Anil Ambani-led ADA Group, is expected to give USD 200 million to Hollywood director Steven Spielberg's DreamWorks Studios, a deal which will extend a new financial lease of life to the struggling California-based film company. 

Reliance Entertainment has "agreed in principle" to continue financing the film studio Spielberg founded. Under the arrangement, DreamWorks would make fewer movies in a year, down to about three from the six it had originally intended, reported the New York Times.

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