![]() ![]() dollar and media stocks continue to languish, American banks go to the wall and private-equity players and hedge funds retreat for safer havens. Whatever might be the company’s interest in creative control, the investments stateside would represent the first substantial influx of Indian money into Tinseltown, a sure sign that financial clout and cultural confidence are alive and well in the Far East. Three days ago, he told reporters in Mumbai gathered to hear about yet another huge-money film foray - this time investing several hundred million in the country’s top film acting dynasty, the Bachchans - that Big is not a hedge fund: While stressing that relationships with talent are based on creative freedom, Sawhney said that the talent involved also should realize that “there is an element of responsibility that comes with creative freedom.” There already was a sign of the company’s Tinseltown aspirations at May’s Festival de Cannes, where Big Entertainment CEO Rajesh Sawhney unveiled plans to invest upward of $1 billion in the movies of top Hollywood actors including Tom Hanks, Brad Pitt, Nicolas Cage and George Clooney.Īt that event, Sawhney said: “If we want to engage globally, we have to engage with Hollywood. The former got oil, gas and farming the latter lords over telecommunications, banking and entertainment. (Reliance is a multifaceted $70 billion colossus, split more or less in half between the two sons of Dhirubhai Ambani, Mukesh and Anil. The latest speculation put the sum being waved about by the Indians even higher, but no one at either company was confirming those rumors. ![]() ![]() Other suitors might be circling the SKG bandwagon as well, but the Reliance offer almost certainly would represent the biggest chunk of whatever equity is needed to allow DreamWorks to again control its own destiny and presumably cut ties with current owner Paramount. Fortunately, the company boasts a little subsidiary simply called Big Entertainment, which is the unit in talks with DreamWorks reps about an outright cash injection in the company set up 14 years ago by Steven Spielberg, David Geffen and Jeffrey Katzenberg. ![]()
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