India's Mumbai-based Reliance ADA Group of Anil Ambani, net worth US$ 14 billion, is trying to do in Hollywood what Tatas and Mittals did in the UK- taking over established businesses. Its Reliance Big Entertainment (RBEL) is planning to announce major Hollywood film projects, featuring major Hollywood stars such as Will Smith, George Clooney, Tom Cruise, Julia Roberts and Angelina Jolie. Yes, this will have nothing to do with Bollywood as the company has various outlets such as Adlabs, producing Indian films. Major Hollywood films, worth US$ 300 million, are likely to be announced during the 61st Cannes Film Festival, according to company sources.

The group comprises Reliance Capital Limited, Reliance Communications Limited, Reliance Energy Limited, Reliance Health, Reliance Entertainment and Reliance Power.

Reliance Entertainment comprises of seven entities: Zapak (casual gaming portal), Big Adda (social networking site), recently in the news for Actor Amitabh Bachchan's blog, Big Flicks (Movie streaming and rental), Jump Games (Mobile gaming), Anirights (Animation), BIG Music, and BIG Movies.

The Reliance – Anil Dhirubhai Ambani Group is among India’s top three private sector business houses on all major financial parameters, with a market capitalisation of Rs.325,000 crores (US$ 81 billion), net assets in excess of Rs.115,000 crores (US$ 29 billion), and net worth to the tune of Rs.55,000 crores (US$ 14 billion), according to the group.

Reliance Big Entertainment

Recently, RBEL, which runs cinemas in India through its Adlabs subsidiary, entered the US market under the brand name ‘BIG’. The company has acquired more than 200 theatres across 28 locations in North America, including New York, New Jersey, Atlanta, Detroit, Chicago, San Jose, Los Angeles, Washington DC and Seattle.

These will be used to screen Bollywood and other regional language movies from India and movies from other Asian countries. It has also bought a US-based theatre management company to operate the US chain and has set up a distribution company to license rights, says the Economic Times of India.

The Reliance ADAG was in the news recently when it was confirmed that the investor and philanthropist George Soros had invested US$100 million in its business activities. According to reports the company is going to raise another $300 million investment in a month's time.