Reliance-ADAG is planning high with Hollywood blockbuster
The entertainment arm of the Anil Dhirubhai Ambani Group (ADAG), is having negotiations to produce three major movies featuring mainstream Hollywood stars. ADAG is getting ready for a large delegation which will be announced on May 19 at the Cannes film festival, where these plans will be unveiled. For the first time Indian entertainment firm makes an entry into Hollywood. Reliance Big Entertainment (RBEL) could also announce some of international films. They are trying to contact actors like Tom Cruise, George Clooney and Will Smith and for the announcement at Cannes they want to line up Angelina Jolie.
The deal size is estimated around $300 million which will be one of the biggest inked by an Indian entertainment company. The target of the movies will to attract global audience and it will be mainstream Hollywood releases. It is not yet clear that the company will sign deal with Hollywood studios or with the stars themselves. It is also not clear if the Hollywood stars will finally make an appearance at the ADAG event at the festival.But this is final that the ADAG delegation will throw light on its larger entertainment vision for global and Indian markets, which includes its multiplex operations in the West Coast of the US as well as the DTH, animation and film production plans.
The main vision of RBEL is to become one of the major entertainment companies worldwide and for this it needs to enter into the mainstream Hollywood projects. RBEL is focused on both international and domestic projects.The Hollywood plans are in addition to a slew of other announcements on its India plans which ADAG is expected to make in Cannes later this week.
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