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APDreamWorks chiefs Steven Spielberg and David Geffen are looking for their next move, and India may play a starring role. Their deal with Viacom’s Paramount Pictures expires at the end of this year, and Hollywood has been buzzing about conflict between the famous director and Viacom’s top brass. And for months, rumors have been flying about what they might do next. Now Spielberg and Co. are in talks with one of India’s biggest entertainment conglomerates to create a joint venture: a new independent studio.

Here’s how it would work: Reliance would provide between $500 million and $600 million in financing, allowing Spielberg & Co to raise debt, giving the new independent studio up to $1.5 billion dollars in financing. The studio- likely run by Spielberg, Geffen, and Stacey Snider, now their top executive at DreamWorks–would churn out six movies a year. Then they’d distribute through one of the major movie studios–Universal Pictures ;

Source CNBC