New York, Sep 20 (IANS) Reliance Anil Ambani Group will pump $550 million into Steven Spielberg's Hollywood venture DreamWorks to start a new studio, breaking away from Viacom's Paramount Pictures, sources familiar with the deal said Saturday.
The Indian company will invest the money as equity, while another $750 million will come as debt from leading investment banker JP Morgan Chase, in what will result in a unique Hollywood-Bollywood partnership, the sources added.
“The deal has been sealed,” said a source.
DreamWorks was formed with much fanfare in 1994. But after an uneven run, it was sold t