Bollywood Firm Invests In Star's Companies 5/20/08

A major Bollywood entertainment group is to invest in several Hollywood productions companies - including those owned by Nicolas Cage, Jim Carrey, George Clooney and Tom Hanks.

Reliance Big Entertainment - India's most successful movie powerhouse - is to become a major power in Los Angeles by investing development funds in eight production companies across Hollywood.

Cage's Saturn Productions, Carrey's JC 23 Entertainment, Clooney's Smokehouse Productions and Hanks' Playtone productions are all set to receive a share of the cash.

Brad Pitt's Plan B company will also benefit from the move - which is hoped to provide Hollywood with a vital financial injection and move at least 30 movie projects into production.