Anil Ambani-owned Reliance Entertainment and film-maker Steven Spielberg’s DreamWorks have come together to form a new joint venture — Amblin Partners — for creating film, television and digital content.

Participant Media led by Jeff Skoll & Entertainment One (eOne) is also part of the joint venture. J P Morgan Chase structured and arranged a $500-million debt syndication together with Comerica Bank, for the venture.

Together with Reliance Entertainment and DreamWorks Pictures, they will work closely with Amblin Partners to develop and produce specific content for the new venture in addition to exploring opportunities for co-productions and other content.

Previous collaboration Both Ambani and Spielberg had previously collaborated for distribution and production of films for a global audience.

Anil Ambani said, “We are delighted to continue our now seven-year-strong relationship with our valued partner, Steven Spielberg, and to extend this alliance to the formation of Amblin Partners with Jeff Skoll. We look forward to the combination of Steven’s passion and integrity with Jeff’s unique socially conscious vision to create uplifting and quality content to entertain global audiences”.

Amblin Partners' Film projects in various stages of production include The BFG and The Light Between Oceans , scheduled for release by Disney in 2016; The Girl on the Train scheduled for release in October 2016; A Dog’s Purpose scheduled for release in the first quarter of 2017 and Ready Player One , a co-production between Amblin Partners and Warner Bros to be released in December 2017.

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