Hooray For Bollywood: Dreamworks-Reliance Deal To Go Through



(image via vanityfair)

The wonderfully bitchy soap opera that is DreamWorks -- high Hollywood or Hollywood High -- is about to achieve inner serenity from deep-pocketed Indian investors that won't fuck with Steven's vision. Expect some Viacomedic parting shots launched 'cross the starboard bough. From DeadlineHollywoodDaily:

"I'm told that the DreamWorks financing deal with India's media and entertainment conglomerate Reliance ADA -- for at least $500 million -- is almost completed and will be announced in the next week to 10 days. The Reliance people were in Los Angeles last week meeting with DreamWorks. I hear they also met with Jeffrey Katzenberg (whose public company DreamWorks Animation has an 'out' clause from its Paramount distribution deal after 10 films...). However, David Geffen officially severs his ties with Paramount as soon as August, and Spielberg can leave in October. Then DreamWorks has to make a distribution deal, probably with Universal where Spielberg still keeps his office."