DreamWorks could find separate distribution deal
Steven Spielberg is "very likely" to close a deal soon for at least half of the $1 billion he wants to resurrect DreamWorks as a private company from the diversified Indian conglomerate Reliance ADA.
DreamWorks, which is operated by Paramount, may eventually strike a movie distribution deal with another studio once Spielberg secures financing. The Hollywood Reporter first reported Spielberg's search for a mix of equity capital and bank financing, as well as DreamWorks' search for a possible new distribution deal, on June 10.
A well-placed source said that the likely Indian deal could be consummated any time now, but the source added that there was a chance other suitors still could prevail in reaching an equity relationship with Spielberg.
Reliance's entertainment interests include India's largest theatrical chain Adlabs Cinemas, film production, animation, gaming, music and video distribution and FM radio among other ventures controlled via subsidiary Reliance Big Entertainment.
Nyay Bhushan in New Delhi contributed to this report.
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