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Joint Venture Bollywood megastar Amitabh Bachchan’s home banner A B Corp has entered into Rs. 1500-crore joint venture with RBE, which would include film production, reality shows, TV serials and internet and mobile content. This news has come after the news came in that Anil Ambani’s Reliance Entertainment is in talks with Steven Spielberg’s DreamWorks SKG for an investment of around $500 million in equity. With the latest development Ambani has moved a step closer to building a media group spanning -

Projects “Four directors have been short listed for projects which will go on the floor beginning 2008-end. A few other projects are at the consideration stage and will be announced shortly,” Wing commander P Ramesh, CEO of A B Corp told. To kick start the joint venture of the two stalwarts from the entertainment and business fields four directors-Rohan Sippy, Sujoy Ghosh, Chandraprakash Dwivedi and Balki-have been selected. It is said that Reliance Big Entertainment and A B Corp are equal partners in the film production in terms of creative input and finance. The Bachchan family will provide all the creative inputs while RBE will take care of the managerial, marketing and distribution of the projects.

Hollywood RBE earlier had this year had entered into agreements with Hollywood stars George Clooney, Nicolas Cage, Jim Carrey, Tom Hanks and Brad Pitt and moviemakers Chris Columbus and Jay Roach. From these developments one can expect that both the film industries coming closer and even working together. It would be a milestone for efforts by the Reliance Big Entertainment to bring the world’s two most prolific movie-making industries closer together.

Films With the deal RBI has become one of India’s biggest domestic names that has entered into deals with the stars and directors of