new york in one of the largest deals in global cinema in recent years anil ambanis reliance big entertainment and noted hollywood filmmaker steven spielberg on wednesday announced 825million funding for their los angelesbased production house dreamworks studios to make six films a year for the global audiences watchin a joint global conference call from here ambani and spielberg also said the movies produced by dreamworks will be distributed by walt disney globally while the exclusive rights for india will be with reliance big entertainment clearly the outlay of 825 million is what we are aiming at in the next three years 325 million will be in the form of equity 150 million will come from disney while the rest will come from banks and others ambani said there is no scaling up or scaling down of investment we will begin with 825 million and this is the largest in recent times said the mumbaibased industrialist whose aides had earlier indicated an investment outlay of as much as 15 billion for dreamworks spielberg said he was looking forward to films produced by dreamworks as also to visit india soon to meet with filmmakers scriptwriters and actors to see how they can all collaborate we have a golden opportunity to have a better control over our product he said alluding to the strained relationship dreamworks faced after it was sold to viacoms paramount in 2006 for 16 billion i am very excited that we are in business again and we are independent of any motion picture studio now we feel we have the independence in our partnership with reliance spielberg said some of the films that will be produced first include 39 clues cowboys and aliens dinner for schmucks motorcade and hereafter in a mix of genres including thrillers action comedy and family drama ambani also announced that his associate amitabh jhunjhunwala and spielbergs partner for decades stacey snider who has been associated with projects like eric brockovich the mummy and american pie would also serve on the dreamworks board he said even though reliance big was a private enterprise he was not averse to listing it on the capital markets at an appropriate time all our options are open the noted industrialist also saw a tremendous growth for the cinema business in india and said that compared with the us while thrice as many people watched cinema in the country the box office collection was just one percent the reliance anil dhirubhai ambani group ranks among indias top three industrial houses with interests in areas including telecommunications energy finance entertainment and infrastructure development the groups entertainment business owns 428 cinema screens across india the us malaysia and mauritius contributing 11 percent to the domestic industrys box office collections and 35 percent from the hindi movies screened in the us its entertainment business has its presence across several platforms including fm radio music sports gaming animation internet and mobile portals directtohome tv internet tv and mobile tv last year it