Business   

Anil Ambani eyes MGM

LONDON: Anil Ambani plans a takeover of the Metro-Goldwyn-Meyer Hollywood studio in an attempt to become one of the world’s most powerful film bosses, the Daily Telegraph reported on Saturday.

When contacted, a spokesperson from the Anil Ambani Group declined to comment.

Anil Ambani already owns a controlling stake in Steven Spielberg’s DreamWorks studio and has struck a series of deals with stars including Brad Pitt, Jim Carrey, Julia Roberts and George Clooney to develop their films.

Anil Ambani-led Reliance Big Pictures produced two most successful films last year while its current blockbuster ‘The 3 Idiots’ has broken Indian box office records.

According to the report, he hopes to expand his influence with an ambitious bid for MGM, the Hollywood studio which owns the James Bond franchise.

Sources close to Ambani confirmed his interest in acquiring MGM and it would help him achieve his ambition to become the world’s most powerful film mogul, the report said. — PTI

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Pratibha warns against unbridled credit growth
Maruti increases car prices
Skoda consolidating position
India poised for strong recovery — ADB
Anil Ambani eyes MGM
Car of the year
Better performance by SBT
South Indian Bank net profit up by 35%
Maruti launches Eeco in State
Achievement for Bhima
Bullion Rates

Copyright © 2010, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu