The announcement of working with some of the world renowned actors like Brad Pitt, Nicolas Cage, George Clooney, Jim Carrey and Tom Hanks made public in May at the Cannes Film Festival by Reliance Big Entertainment has been given the finishing touch with the coming together of the business group and Steven Spielberg who is one of the most successful film makers of the world.

The new association worked out between the business group owned by Anil Dhirubhai Ambani and Steven Spielberg is for starting a studio situated in Los Angeles.

A whooping $1.5 billion is going to be pumped in by the mammoth business group into Hollywood for churning out world class movies aimed at the global audience.

This new business deal is going to be financed by a combination of equity and debt.

The famous investment banker JP Morgan Chase is also involved with the deal.

This spreading of business interests of the Reliance Big Entertainment towards the film industry in the U.S has come at a time when Steven Speilberg is looking out for ways to break away from the film production company Dream Works.

Stancey Snider, who is the chief executive of Dream Works and was the chairperson of Universal Studios till 2006 will also come on board for the new venture.

Formed in 1994, Dream Works was sold to Viacom's Paramount in 2006 for $1.6 billion due to a bad run.

This new project also comes at a time when film makers in Hollywood due to the ongoing financial crisis in U.S.A are looking out for investors from other countries to fund their ambitious projects.

Accredited for churning out more and more remakes, Director Priyadarshan is busy working on two remakes simultaneously: Billu Barber and other film with Darsheel Safary. Indeed, Shah Rukh's Billu Barber has been shelved for January release.

In the interim, the auteur has geared up with refurbished version of Iranian Film Children of Heaven. Joining hands with Taare Zameen Par fame Darsheel Safary, Priyadarshan is sure about not merely remaking the Iranian flick penned by Majid Majidi. "I would be completely getting away from the original version and this story is set at the backdrops of insurgence in Assam" says Priyan.

Adding more, he says that perfectly modified screenplay and adding more new characters will give a different look for this film. Zia, the cute little girl plays the role of Darsheel's sister and she was selected by Priyadarshan after several rounds of audition.

Happy with the success of 'Poi Solla Porom', director Vijay is getting ready to venture into Bollywood.

'Poi Solla Porom', a comedy caper inspired by the Bollywood hit 'Khoshla Ka Ghoshla', has made it big at the box office. Said a happy Vijay, I would be directing a Hindi film which is to be produced by Venus Company.

'The film would either feature Ranbir Kapoor or Imraan (Aamir Khan's nephew) in the lead role', he said.

Vijay, who completed the shooting for 'Poi Solla Porom' in just 35 days said, 'though my first film 'Kireedom' was an emotional pot-boiler, I wanted my next to be quite different. If I make 10 films, each one should be different from one another', he said.

On his future aspiration, Vijay said, ' I would start a production house soon and encourage young and talented film directors to come out with quality films'.

Mammootty's new film 'Love In Singapore' has changed its main location, that is Singapore. The movie will be now shot in Bangkok, as the crew finds that they will have better opportunities in Bangkok, than in Singapore. The director duo of Rafi and Mecartin are now planning to change the movie's title also to 'Love In Bangkok'.

The movie will have Mammootty as Machu, a man who cruised into the lanes of financial heights starting his life as a scrap dealer. Mumbai model Keerthi Kunhal is the heroine of the movie, which is produced by H.H.M Productions.

The movie will start its shoot on the 9th of October at Karakkudi.

''When Mohanlal and Mammotty first came to the film industry, they could survive among the stalwarts of the time because they were better actors. Now, we have to still depend on these super stars because no one who is better, is coming up to replace them'', says Priyadarshan, who was here yesterday to meet the press of the capital city.

''The time of films that ran to hundred days is over. And now we have to get our capital back in less time. So it is advisable to release maximum prints so that even in two weeks, the film will become profit makers'' said Priyadarshan about the latest film marketing techniques that is being promoted in the entire country.

Priyadarshan also added that there was no reason for the film fraternity to worry about the entry of multinationals into Mollywood film production, as they could increase the boundaries of reach of Malayalam films.

Priyadarshan's latest movie ‘Kancheevaram' was screened on the opening day of the Soorya festival at the capital city. The movie which portrays the plight of the silk-weavers of Kancheepuram in pre-Independence India ''is a film that is made for him '' according to the director.

''Throughout its making, I was never bothered about how the audience would react to the film and about how it will perform at the box office. But the movie not made as an art film but as a big film at a production cost of Rs.1.25 crore, with no compromises in the case of technicians and artistes.

Priyadarshan remembered that he was thinking of casting Mohanlal in the lead of the film. But due to the actor's inconveniences with his dates and the difficult native languages used in the film, he later fixed upon Prakash Raj. And to his surprise, many including Prakash Raj and the art director worked for free in the film.