NEW YORK: Movie studio DreamWorks SKG is close to a deal with Reliance
ADA Group to form a new movie venture, the Wall Street Journal
reported on Tuesday, citing people familiar with the talks.
The Journal said a deal with Reliance would give movie director Steven
Spielberg the cash to finance his DreamWorks team's departure from
Viacom Inc's Paramount Pictures later this year.
Reliance would provide Spielberg and company with $500-$600 million in
equity and would also give Reliance a large stake in the new company.
Source : Economic Times
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