Friday, February 6, 2009

Reliance Big signs separate deals in Hollywood

Expanding its investments in Hollywood, Reliance Big Entertainment (RBE), media venture of Reliance Anil Dhirubhai Ambani Group (ADAG), has signed two separate deals with Julia Roberts' Red Om Films and Brett Ratner's Rat Entertainment.

Reliance Big has so far established creative partnerships with nine leading production entities in Hollywood.

The initial seven deals, with Nicolas Cage's Saturn Productions, Jim Carrey's JC 23 Entertainment, George Clooney's Smokehouse Productions, Chris Columbus' 1492 Pictures, Tom Hanks' Playtone Productions, Brad Pitt's Plan B Entertainment, and Jay Roach's Everyman Pictures, were announced during the Cannes Film Festival 2008 by RBE Chairman Amit Khanna and President Rajesh Sawhney.

All nine deals provide for the creation of a development silo for each of the production entities and the possibility of Reliance co-financing projects that emanate from these development deals, a company release here said.

For any green lit projects utilising Reliance co-financing, the filmmakers would enjoy full creative and fiscal freedom.

Eight of the partnerships have had development projects approved and there was already a handpicked slate in excess of 20 projects and it was anticipated that most will generate content during 2009.

RBE chairman Amit Khanna commenting on the latest development said, ''These creative partnerships will lead to Reliance co-financing with the majority of the major US Studios as we are totally respectful of the existing first-look deals that each of our partners enjoys.''

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