Anil Ambani Signs Deal Worth 1500 Cr With Bachchans

Anil Ambani Signs Deal Worth 1500 Cr With BachchansAnil Ambani has signed 1500 cr deal with the Bachchans to form a new production company. This deal has established professional relationship between two old family friends. The deal includes film production, television series, reality shows, Internet and mobile content besides live shows. Reliance Big Entertainment will be taking care of the managerial aspects of the projects in the deal while the four Bachchans will be looking after the creative side.

In a statement to NDTV, Amitabh Bachchan confirmed the deal saying, "Yes, we are coming together in a JV to be partners in creating international property, sharing profits and assessing rights in perpetuity. The venture will be a separate entity and not AB Corp though AB Corp will provide assistance in creatives and execution.”

When asked to comment on the value of the deal, he said, "That is an assumption. I can not say what it will be worth."
Directors like Rohan Sippy, Sujoy Ghose and R Balakrishnan will be working with the new venture.

"I am doing a film called “Pa”. Interestingly, that's the word, Bachchan junior uses for his father. The movie is about a father-son relationship with the Amitabh and Abhishek playing the father and son’s roles respectively, "said R Balakrishnan.

Reliance Big announced in Cannes that it had signed deals with Hollywood stars Nicolas Cage, Jim Carrey, George Clooney, Tom Hanks and Brad Pitt and filmmakers Chris Columbus and Jay Roach to make films generating revenue of up to $1billion.

Ambani's Entertainment is also in news for talks with Speilberg. If the deal materializes Ambani’s will be funding DreamWorks up to $1.5 billion. This would be the biggest deal by an Indian media and entertainment group.

General: