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Sahara-MGM: Bollywood wants Hollywood debt
First Anil Ambani went after DreamWorks and got a bite, now Sahara's Subrata Roy makes a USD$2 billion bid for one of Hollywood's most prestigious and oldest studios
The acquisition of Metro-Goldwyn-Mayer (MGM) is turning into a drawn out soap opera and the latest this week is confirmation of an Indian conglomerate officially in the picture.
Bollywood is seated at the big stakes table.
Lead the way Ambani. File photo of industrialists Anil Ambani (L) and Subroto Roy (R) who also control major stakes in Mumbai's entertainment industry.
Sahara controller, industrialist Subrata Roy, follows an inway made by Reliance Group head honcho and Mumbaiker Anil Ambani after the latter invested USD$550 million in Steven Spielberg's DreamWorks Studios also this year.
Says the Guardian, "If Sahara were to win control it would mark a cultural shift not seen in Hollywood since the 1980s when Japanese investors flocked to get in on the action with deals such as Sony's USD$3.4 billion acquisition of Columbia Pictures."
