Director Steven Spielberg's DreamWorks Studios could receive $825 million in
film financing to begin producing movies starting this year, an Indian company involved in deal talks said on Wednesday.
Reliance ADA Group, the Indian conglomerate, is in talks with DreamWorks Studios partners Stacey Snider and Spielberg in New York, and the $825 million figure has emerged from those talks as a possible funding slate for DreamWorks Studios.
The deal between the two companies, which announced a plan to work together last year, has not been finalized. The deal between Reliance and DreamWorks was initially valued at $1.2 billion, but Amit Khanna, chairman of Reliance Big Entertainment, a division of Reliance ADA Group, said that much money is not needed now.
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