Cash-rich Bollywood comes to the aid of cash-strapped Hollywood studios reports Dalya Alberge for The Times
Bollywood has met Hollywood at the Cannes Film Festival, with George Clooney, Tom Hanks and Brad Pitt signing rupee-spinning deals for big movie collaborations.
India produces more films than any other country, and sells more than four billion cinema tickets a year, far more than in America. Now one of its biggest companies is to become a significant Hollywood player, it was announced yesterday in Cannes.
Reliance Big Entertainment, part of a $100 billion (£50 billion) Indian conglomerate, is to invest in development funds for eight production companies owned by A-list stars: they include Nicolas Cage’s Saturn Productions, Jim Carrey’s JC 23 Entertainment, Clooney’s Smokehouse Productions, Hanks’s Playtone Productions and Pitt’s Plan B Entertainment.
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