Spielberg studio gets about $200m from Reliance Ent

Dreamworks Studio, the film company headed by superstar director Steven Spielberg, will get around USD 200 million from its partner Reliance Entertainment to continue making films, according to a person with knowledge of the transaction.

April 11, 2012 / 16:18 IST

Dreamworks Studio, the film company headed by superstar director Steven Spielberg, will get around USD 200 million from its partner Reliance Entertainment to continue making films, according to a person with knowledge of the transaction.

The financing is the second part of a 2009 agreement to finance the studio. Reliance Entertainment, a unit of Reliance ADA Group, provided the partnership with USD 325 million capital for an undisclosed stake.

The studio, which made "The Help" last year, will produce between three and five films a year, a slight reduction in the four to six that it initially announced, said the person.

first published: Apr 11, 2012 01:56 am

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