distribution of the projects. In a press release the Big B said: "I am delighted, with the coming together of Reliance Big Entertainment with members of my family and myself. I look upon this association as a progressive step towards the future, and a healthy marriage between creative output and professional corporate management."

RBE had already announced in Cannes earlier this year that it had entered into agreements with Hollywood stars George Clooney, Nicolas Cage, Jim Carrey, Tom Hanks and Brad Pitt and moviemakers Chris Columbus and Jay Roach. Discussions are also on with Steven Spielberg's DreamWorks to fund up to $1.5 billion for their new venture.