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BRIAN GRAZER AND RON HOWARD’S IMAGINE ENTERTAINMENT SIGN CREATIVE PATNERSHIP WITH RELIANCE BIG ENTERTAINMENT


“Mofos” First Project Under New Partnership

Los Angeles, CA (November 30, 2009) - Brian Grazer and Ron Howard’s Imagine Entertainment is the latest and most prolific of the leading Hollywood production companies who have signed development/production financing deals, entitled Creative Partnerships, with Reliance BIG Entertainment, the flagship media and entertainment arm of Indian conglomerate, Reliance Group .

The first project under the deal will be the comedy MOFOS, about two 20-something best friends who are unemployed, strapped for cash, down on their luck and decide to start up a business as Los Angeles' most unlikely male escorts. MOFOS will be produced by Brian Grazer, written by Josh Berghaus and Jay Shore and overseen by Karen Kehela Sherwood and Sarah Bowen at Imagine Entertainment.

The deal was brokered by CAA on behalf of Reliance BIG Entertainment and Josh Berghaus and Jay Shore.

Brian Grazer said “Ron and I are very pleased to have signed this deal with our friends at Reliance. With their huge expertise in one of the most exciting film industries in the world, they bring a wholly different global perspective to our Hollywood based industry and we welcome the extra independence that their financing will give us.

In confirming the new partnership, Reliance BIG Entertainment’s Chairman Amit Khanna commented, 'Brian Grazer and Ron Howard have forged Imagine as a major powerhouse in Hollywood and I’m delighted to have been able to close this deal. Our ‘creative partnerships’ have proven very attractive to filmmakers seeking innovative ways in which to develop and finance individual films. We are now looking forward to moving into the filmmaking stage on several projects.’ Khanna continued 'These creative partnerships will lead to Reliance co-financing with the US Studios where existing first-look deals are in place. From the conversations to date, we know that the respective studios welcome our development silos and our subsequent co-financing ability. We broke completely new ground by empowering some of the best talent in Hollywood and continue to do so.'

Reliance BIG Entertainment, as it focuses on media investments outside of India, sees their development deals as the first major building block in the creation of a virtual studio, or new-generation media company. They are part of Reliance BIG Entertainment’s long-term strategy for media investments in Hollywood, as it continues to build a fully integrated movie company with substantial holdings in production, distribution and exhibition.

About Reliance BIG Entertainment Pvt Ltd.
Reliance BIG Entertainment Ltd. (RBEL) (www.rbe.co.in) is the flagship media and entertainment arm of Indian conglomerate, Reliance Group, (www.relianceada.com) with significant presence in film entertainment (film production, distribution, and exhibition), broadcasting and new media ventures.

With investments over USD 1 billion in its Filmed Entertainment business RBEL's motion picture brand, Reliance BIG Pictures has built a formidable film production slate in Hindi, English & other Indian languages, which it markets & distributes worldwide. The slate has projects with leading production houses and marquee Indian directors.

In Hollywood, Reliance BIG Pictures has partnered with Steven Spielberg and Stacey Snider on the formation of DreamWorks Studios and has development silos with Nicolas Cage's Saturn Films, Jim Carrey's JC 23 Entertainment, George Clooney's Smokehouse Productions, Chris Columbus' 1492 Pictures, Tom Hanks’ Playtone Productions, Brad Pitt's Plan B Entertainment, Jay Roach's Everyman Pictures, Brett Ratner’s Rat Entertainment and Julia Roberts’ Red Om Films.

Reliance Group (www.relianceada.com) is among India's largest private sector business and has interests in communications, financial services, health, energy, infrastructure and media & entertainment.

For more information please contact:

Preeti Puri Sharma
Vice President, PR
M: +91 9323367815

Aarti Jadhav
Manager, PR
M: + 91 9819993075


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