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Reliance Injects $1.2 Billion Into New Hollywood Film Powerhouse, Ending Paramount-Dreamworks Clash

contentsutra.com » 2008 » September » 19th » Reliance Injects $1.2 Billion Into New Hollywood Film Powerhouse, Ending Paramount-Dreamworks Clash

Well, at least big Hollywood names can still get a line of credit in these trying times. The heads at DreamWorks SKG have firmed up a $1.2 billion deal to leave Viacom's Paramount Pictures and form a new venture funded by Indian telecom and media conglomerate Reliance ADA Group, WSJ reports. The Mumbai-based company will inject $500 million and $700 million in debt through J.P. Morgan Chase & … Continue Reading »

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