Cannes (France), May 18 (IANS) Reliance Big Entertainment, the media and entertainment arm of the $100 billion Reliance Anil Dhirubhai Ambani Group, Sunday announced a major foray into Hollywood and will provide development funds to eight leading international superstars in the US.
Reliance Entertainment chairman Amit Khanna made the announcement at a press conference at the Majestic Hotel here on the sidelines of the Cannes Film Festival.
The company has also set up a back-end media process outsourcing facility in Mumbai. This follows Reliance Big Entertainment's announcement Friday to spend $1 billion on Indian film entertainment.
Reliance Big En