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Indian Money Goes To Hollywood – Courtesy Reliance Entertainment

Seems like Indian biggies are investing in Hollywood now! Reliance Entertainment, a successful production house in India is expected to give $200 million to the famous Hollywood director, Steven Spielberg’s DreamWorks studio which will certainly help the struggling film company.

Reliance Entertainment Logo

Reliance Entertainment Logo

The studio will be making only 3 films per year from now instead of the intended number of 6 films as per this agreement. It is also known that J. P. Morgan securities provided an amount of $325 million to the studios in terms of loans; operations in the California based company have slowed down owing to financial woes.

Hollywood is going through a tough phase from the past year and DVD sales also continue to be unimpressive. Recent ‘Real steel’ movie, which was from the same production house, also did not make much money and many other movies flopped too. Hope this investment will improve the situation of DreamWorks Studio.

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