Anil Ambani plans a takeover of MGM Hollywood studio: Report

Leading Indian entrepreneur Anil Ambani plans a takeover of the Metro-Goldwyn-Meyer Hollywood studio in an attempt to become one of the world's most powerful film bosses, the 'Daily Telegraph' reported today.

When contacted, a Anil Ambani Group spokesperson declined to comment.

Anil Ambani already owns a controlling stake in Steven Spielberg's DreamWorks studio and has struck a series of deals with stars including Hollywood stars Brad Pitt, Jim Carrey, Julia Roberts and George Clooney to develop their films.

Anil Ambani-led Reliance Big Pictures produced two most successful films last year while its current blockbuster 'The Three Idiots' has broken Indian box office records.

According to the report, he hopes to expand his influence with an ambitious bid for MGM, the Hollywood studio which owns the James Bond franchise.

Sources close to Ambani confirmed his interest in acquiring MGM and it would help him to achieve his ambition to become the world's most powerful film mogul, the report said.

Ambani is a respected tycoon whose empire spans power generation, distribution, insurance, financial services and communication. His company is India's second largest mobile phone operator, it said.