In one of the largest deals in global cinema in recent years, Anil Ambani’s Reliance Big Entertainment and noted Hollywood film maker Steven Spielberg on Wednesday announced $825-million funding for their Los Angeles-based production house Dreamworks Studios to make six films a year for the global audiences.

In a joint global conference call from here, Ambani and Spielberg also said the movies produced by Dreamworks will be distributed by Walt Disney globally, while the exclusive rights for India will be with Reliance Big Entertainment.