BUSAN, South Korea - Steven Spielberg and India’s Reliance Big Entertainment have reached an agreement worth as much as US$1.5 billion to create a new, Hollywood-based film studio, ending DreamWorks’ relationship with Paramount, the Times of India reported Saturday.
full story @ hollywoodreporter

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What does a superstar director want after a long summer in the Hamptons? A new studio to call his own.
That’s what Steven Spielberg may get this week, according to well-placed industry sources. They say that Hollywood’s most powerful director is meeting in New York with, and will likely announce a deal with, India’s Reliance Communications [...]

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