ADAG to foray into Hollywood
In an ambitious foray into Hollywood, Reliance Big Entertainment (RBEL), the entertainment wing of the Anil Dhirubhai Ambani Group (ADAG), is reported to be in negotiations to produce three major movies featuring mainstream Hollywood stars.
A large delegation from ADAG is currently preparing for a major international announcement on May 19 at the Cannes film festival, where these plans will be unveiled. This will be the first time an Indian entertainment firm makes an entry into Hollywood.
According to ADAG insiders, RBEL could announce a slew of international films. The group is trying to rope in Hollywood actors like Tom Cruise, George Clooney and Will Smith. The buzz is that ADAG is also trying to line up Angelina Jolie for the announcements at Cannes. The movies will target the global audience and will be mainstream Hollywood releases. The estimated deal size is said to be in the region of $300 million, one of the biggest inked by an Indian entertainment company.