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Anil Ambani eyes MGM

PTI
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BELLING THE BIG CAT: A huge golden lion statue, the logo of MGM. Anil Ambani is likely to buy the studios of the Hollywood movie-maker, to save it from brankruptcy. File photo
AP BELLING THE BIG CAT: A huge golden lion statue, the logo of MGM. Anil Ambani is likely to buy the studios of the Hollywood movie-maker, to save it from brankruptcy. File photo

Anil Ambani plans a takeover of the Metro-Goldwyn-Meyer Hollywood studio in an attempt to become one of the world’s most powerful film bosses, the Daily Telegraph reported on Saturday.

When contacted, a spokesperson from the Anil Ambani Group declined to comment.

Anil Ambani already owns a controlling stake in Steven Spielberg’s DreamWorks studio and has struck a series of deals with stars including Brad Pitt, Jim Carrey, Julia Roberts and George Clooney to develop their films.

Anil Ambani-led Reliance Big Pictures produced two most successful films last year while its current blockbuster ‘The 3 Idiots’ has broken Indian box office records.

According to the report, he hopes to expand his influence with an ambitious bid for MGM, the Hollywood studio which owns the James Bond franchise.

Sources close to Ambani confirmed his interest in acquiring MGM and it would help him achieve his ambition to become the world’s most powerful film mogul, the report said.

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