Mumbai, July 17 (IANS) Reliance Big Entertainment (RBE), the movie production arm of Reliance ADAG, is spreading its wings further.
Although its recently-inked Hollywood deals are still at the gestation stage and nothing concrete has been announced about its offer to invest around $500-$600 million in Hollywood icon Stephen Spielberg's production firm Dreamsworks SKG, RBE has currently bankrolled 70 Indian movies, totalling an investment of about Rs.2 billion.
By the end of this year, the company will have a kitty of 100 Indian movies to be released within two years.
No other Indian entertainment company offers financial support to as many movies, not counting Hollywood films.
"Our objective is not only to produce entertaining movies, but also to create converg