India’s Reliance puts extra $200m into Dreamworks
Indian telco and broadcasting giant Reliance is promising another US$200 million in Steven Spielberg’s DreamWorks studio. Reliance invested $325 million back in 2009. The cash helped finance movies such as War Horse and The Help, both of which were critically well received, but failed to dominate the box office.
The new cash injection permits DreamWorks to maintain an output slate of around three to five modestly-sized movies a year, but the investment could grow if DreamWorks responded with at least one larger visual-effects rich film. There is one such movie in the pipeline, Spielberg’s Robopocalypse, a typical ‘popcorn’ movie and one that Reliance is said to want to see more of.
Robopocalypse is co-financed by News Corp’s 20th Century Fox.