Amitabh Bachchan and Anil Ambani have come together to form a new film production company. This deal is worth Rs. 1500 Crore. 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.
Says Big B,”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.”
The leading bollywood directors who will be at the helm of the first films coming out of the joint venture have also been decided. The director of the hit film ‘Bluffmaster’, Rohan Sippy is to make a film with Abhishek Bachchan in the lead role. Film maker Chadrprakash Dwivedi who directed ‘Chanakya’ will be making a movie with Amitabh Bachchan.
Advertisement film maker Balakrishna who made the film ‘Cheeni Kum’ with Amitabh will again work with him and Abhishek for a new film.
The deal comes barely about a month after the group announced a star-studded foray in Hollywood when it announced at Cannes Film Festival deals with the likes of Jim Carrey, Brad Pitt, Angelina Jolie and Nicholas Cage. It is also currently reported to be in talks with star Hollywood filmmaker Stephen Spielberg, who has made movies like Jurassic Park, for a movie making venture. 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.