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This looks like a plot straight out of a movie: a multibillionaire, in his penchant to strike big in whatever he does, goes out to strike a billion dollars worth of deals with industry players who are world famous. And that too at the cheapest of prices when most in the industry are struggling for funds in a global economic slowdown.
The twist is, it happened for real early this week when Reliance Big Entertainment, the integrated media and entertainment arm of the US$75 billion-revenue Anil Dhirubhai Ambani Group owned by the sixth richest man in the world with a net worth of $40 billion said that it had entered into a slew of development deals with eight Hollywood-based production houses to make “at least” 10 films in the next two years at a cost of $1 billion.
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