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Reliance ADAG Infuses $325M Into Dreamworks; First Movie In 2010; IPO?

Financially starved production house Dreamworks Studios will raise a total of $825 million (around Rs. 4000 crore) over the next three years with the help of Reliance ADA group chairman Anil Ambani who has injected $325 million as equity. Disney has also infused $150 million while the balance will be raised from banks and financial institutions, MoneyControl reports. Reliance ADA Group's Big Entertainment owns 50% of Dreamworks. In return, Big Entertainment will hold all the marketing and distribution rights for the movies produced by it for India. This includes DTH, DVD and theatre rights. Dreamworks has tied up with Walt Disney to handle global marketing and distribution of its films for 6 years starting in 2010, but this will exclude India. IPO? Reliance Entertainment may also be using this development to go public. ET says Ambani hinted at going in for a listing during the conference call with reporters after the meeting with media mogul Steven Spielberg, co-founder of Dreamworks and Stacey Snider, CEO of the studio. ContentSutra reports that the famous George Soros deal has still not been closed. Will it ever? Lower Valuation, Financing Woes, Movies In 2010 Rumours of this development have been doing the rounds since September, 2008, when the deal was valued at a much higher $1.2 billion. Then, the ADA Group was said to be investing $500 million in equity, and $700 million in debt through JP Morgan Chase. There was no formal announcement and Reuters now quotes Amit Khanna, chairman of Reliance Big…

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