Reliance CEO Anil Ambani now holds a 50% stake in Steven Spielberg's Hollywood production company DreamWorks. With a 500 million dollar investment, the Indian business tycoon can now jet forward with his own plans of entertainment in Hollywood. This could be a giant step for Indian cinema as Ambani plans to set up a new age DreamWorks studio. The LA studio will produce 6 films per year for the next 6 years and the rights for all these films across platforms such as theatres, television and DVD's will remain with Reliance.