DREAMWORKS - WHAT'S HOLDING UP DREAMWORKS' DEAL WITH INDIA'S RELIANCE?

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Renee Zellweger With Lorella Flanagan And Huckleberry Flanagan. New York Premiere Of The Dreamworks Animation 'Bee Movie' At Lincoln Square 13. New York City, Usa picture

Caption: Renee Zellweger with Lorella Flanagan and Huckleberry Flanagan New York premiere of the Dreamworks (Picture) animation 'Bee Movie' at Lincoln Square 13 New York City, USA ....

WHAT'S HOLDING UP DREAMWORKS' DEAL WITH INDIA'S RELIANCE?

Nearly three months after it was announced, the $500-million deal between India's Reliance and DreamWorks has still not materialized. "Insiders insist the basic deal remains intact," Daily Variety observed today (Friday), "but the devil is in the details. Especially the banking details." On Monday, Business Week reported that Steven Spielberg was currently meeting with Anil Ambani, chairman of Reliance, to finalize the deal and that it could be announced this week, but the week has passed without an announcement. At the time it was originally disclosed, some analysts speculated that it may have been a negotiating ploy to be used by Spielberg and partner David Geffen as leverage in securing a more favorable extension of DreamWorks' current deal with Paramount.

05/09/2008

Tags: Dreamworks - Steven Spielberg

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