LOS ANGELES, Aug 17 (Reuters) - DreamWorks Studios has closed a film financing deal with Indian conglomerate Reliance ADA Group, the companies said on Monday.
JPMorgan Securities arranged the syndication of about $325 million in financing to DreamWorks Studios, which is headed by Steven Spielberg and Stacey Snider. Reliance Big Entertainment, a division of Reliance ADA Group, is matching that amount.
Walt Disney Co will handle marketing and distribution for DreamWorks Studio's films.
The newly created DreamWorks Studios is a production unit separate from DreamWorks Animation SKG Inc.
DreamWorks and Reliance ADA Group, the Indian conglomerate, announced a plan to work together last year in a film financing deal that allows DreamWorks to start anew after it cut ties with Viacom Inc's Paramount Pictures.
(Reporting by Alex Dobuzinskis: Editing by Robert MacMillan) (Please visit our entertainment blog via www.reuters.com or on http://blogs.reuters.com/fanfare/) Keywords: DREAMWORKS/ (alex.dobuzinskis@thomsonreuters.com; 1 213-955-6781) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
JPMorgan Securities arranged the syndication of about $325 million in financing to DreamWorks Studios, which is headed by Steven Spielberg and Stacey Snider. Reliance Big Entertainment, a division of Reliance ADA Group, is matching that amount.
Walt Disney Co will handle marketing and distribution for DreamWorks Studio's films.
The newly created DreamWorks Studios is a production unit separate from DreamWorks Animation SKG Inc.
DreamWorks and Reliance ADA Group, the Indian conglomerate, announced a plan to work together last year in a film financing deal that allows DreamWorks to start anew after it cut ties with Viacom Inc's Paramount Pictures.
(Reporting by Alex Dobuzinskis: Editing by Robert MacMillan) (Please visit our entertainment blog via www.reuters.com or on http://blogs.reuters.com/fanfare/) Keywords: DREAMWORKS/ (alex.dobuzinskis@thomsonreuters.com; 1 213-955-6781) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.