Anil Ambani Set To Invest $1 Billion In Entertainment Industry

[Arun 795]

Reliance Big Entertainment the media and entertainment arm of the Anil Dhirubhai Ambani (ADA) group, has announced on Friday that it would invest $1 billion on Indian film and entertainment industry over the next 12-15 months.

It has finalized a slate of 69 films in nine languages for production and distribution over the next two years. The films include those in collaboration with India’s leading production houses and Reliance’s own in-house films. Amit Khanna, chairman of Reliance Entertainment, said that Reliance Big Entertainment would be working with the best of Indian directors including Vidhu Chopra, Farhan Akthar, Shyam Benegal, Shaji Karun, Sudhir Mishra, Rituparno Ghosh, M.S. Sathyu, Madhur Bhandarkar, Buddhadev Dasgupta, Girish Kasravalli and Amol Palekar. Over a dozen films will be released this year. One of the biggest movies being Vidhu Vinod Chopra’s ‘Broken Horses’. “The only thing Indian about it will be my accent,” according to Chopra. “It will be an old style American gangster movie, with western stars, which will be shot in New Mexico. It will be in English. The only thing Indian will be my sensibility. It’s a film with a lot of violence and a tag line, ‘There’s always another way’.” The second film is based on a classic Indian tale, to be directed by Ram Madhvani. Other six films under the alliance include Abhishek Kapoor’s Rock On, Zoya Akhthar’s Lucky by Chance, Farhan’s Voice of the Sky and Don II, Abhinay Deo’s 7 Minutes and Reema Kagti’s Accident Spot.

There is also a two-film deal with director Shyam Benegal, four film deal with Madhur Bhandarkar, three film deal with Vivek Agnihotri and two film deal with Sudhir Mishra, Amit Khanna, chairman of Reliance BIG Entertainment, said in a statement issued here today.

Khanna said Reliance ADA group has 106 operating cinema screens at present and it is expected to go up to 400 by the end of the calendar year 2009.

[madhuresh123 0]

First of all, tell him to invest in network, which is the core competency if his communication business. So many customers are annoyed by his network connection. Such a bad network, no one could imagine.

[raccoon 53]

Its not just the network... sooooooo many other issues too!! But then why should he bother, as long as so many people subscribe to his service?

[copperco2 24]

its a rolling time for ADAG, have money will make everyone dance.. when trouble comes on then sell off less profitable units under the guise of consolidation on core business purpose.

Both are going into as many businesses as possible. With money being a non issue.....