Spielberg studio gets about $200 million from Indian backers

Reuters News
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Posted: Apr 10, 2012 4:28 PM
Spielberg studio gets about $200 million from Indian backers

By Ronald Grover

(Reuters) - DreamWorks Studio, the film company headed by superstar director Steven Spielberg, will get around $200 million from its partner Reliance Entertainment to continue making films, according to a person with knowledge of the transaction.

The financing is the second part of a 2009 agreement to finance the studio. Reliance Entertainment, a unit of Reliance ADA Group, provided the partnership with $325 million capital for an undisclosed stake.

The studio, which made "The Help" last year, will produce between three and five films a year, a slight reduction in the four to six that it initially announced, said the person.

(Reporting By Ronald Grover; Editing by Sandra Maler)