India Billionaire comes to Hollywood

Is Steven Spielberg entering the Temple of Doom?

Anil Ambani and his $42 billion fortune are looking to make their mark in Hollywood. Negotiations are under way between Anil and legendary director Steven Spielberg to provide $600 million in equity, enough to let DreamWorks separate from parent Paramount Pictures (a Viacom entity). But Anil’s Hollywood aspirations don’t stop there, he’s also buying up theaters, signing deals with powerhouse actors, and plans on funding major American motion pictures in the near future.