Latest news from Hollywood is that India’s Reliance ADA Group is planning to buy DreamWorks, the company started by Steven Spielberg in 1994 and bought out by Viacom, owner of Paramount, in 2006. The deal is reported to be worth between $500m and $600m.

Spielberg is planning to raise an additional $500m to regain DreamWorks’ autonomy and ownership of titles.

Reliance, little known in Hollywood, is said to be worth $100bn.

(Source: Variety)