Steven Spielberg co explores stake sale to Eros
Hollywood director Spielberg has approached a UK-listed Bollywood distribution and production firm for a possible stake sale. In pics: Bollywood at Tussauds
By ET Bureau |
LONDON: Hollywood celebrity director Steven Spielberg, who is reportedly in talks for a two-billion-dollar deal with Anil Ambani, has also approached a UK-listed Bollywood distribution and production firm for a possible stake sale.
In an interview to The Times published on Friday, Eros International chief executive Kishore Lulla revealed that he was recently approached by a banker to know whether he would consider buying a stake in Steven Spielberg���s Dreamworks studio.
���Mr Lulla says there are no plans for acquisitions, despite revealing that a banker recently asked if he would consider buying a stake in Steven Spielberg���s DreamWorks studio, currently the subject of talks with Anil Ambani���s Reliance Group,��� the newspaper said in an article published in its online edition.
���Mr Lulla says there are no plans for acquisitions, despite revealing that a banker recently asked if he would consider buying a stake in Steven Spielberg���s DreamWorks studio, currently the subject of talks with Anil Ambani���s Reliance Group,��� the newspaper said in an article published in its online edition.
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Noting that the plans are for organic growth, the daily said that while Mr Lulla may want to build a studio on the Hollywood model, he is worried about making the investment.
���Getting too involved with Hollywood is risky at the moment,��� he was quoted as saying by the newspaper. According to the Sunday Times Rich List, Mr Lulla has a family fortune worth ��206 million.In 2007, Mr Lulla joined hands with Sony Pictures to co-produce films and the pair have held meetings with artists and writers in an effort to a new superhero. ���They are planning to create a Spider-Man-type character in Hindi and have hired Charles Darby and a top visual effects team,��� The Times said. Mr Darby is the renowned matte artist who has worked on dozens of films from Waterworld to Harry Potter and the Goblet of Fire,��� The Times said.
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