New Delhi: Just days after news came in that Anil Ambani's Reliance Entertainment is in talks with Steven Spielberg's Dreamworks SKG for an investment of around $500 million in equity, the group has now reportedly signed a Rs 1500-crore deal with the Bachchan family.
The deal includes film production, television series, reality shows, Internet and mobile content besides live shows.
While Reliance Big Entertainment will look into the managerial, marketing and distribution of the projects in the deal, the creative inputs would come from the four Bachchans.
This joint venture professionally formalises business ties between Anil Ambani and Amitabh Bachchan who have been family friends for long.
Though, Reliance Big Entertainment has confirmed the deal, it was non-committal about the funding involved.
Meanwhile, in a press release the Big B said, "I am delighted, with the coming together of Reliance Big Entertainment with members of my family and myself. I look upon this association as a progressive step towards the future, and a healthy marriage between creative output and professional corporate management."
Earlier this year, 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.
And if talks with Spielberg succeed, Ambani's Entertainment wing could be funding DreamWorks up to $1.5 billion – the biggest deal by an Indian media and entertainment group.
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