Dreamworks approaches Eros for stake sale

In an interview to The Times newspaper published today, Chief executive of Eros International Kishore Lulla revealed that he was recently approached by a banker to know whether he would consider buying a stake in Steven Spielberg's Dreamworks studio.     

"Lulla says there are no plans for acquisitions, despite revealing that a banker recently asked if he would consider buying a stake in Steven Spielberg's DreamWorks studio, currently the subject of talks with Indian billionaire Anil Ambani's Reliance Group," the newspaper said in an article published in its online edition.     

Noting that the plans are for organic growth, the daily said that while Lulla may want to build a studio on the Hollywood model, he is worried about making the investment.     
"Getting too involved with Hollywood is risky at the moment," he was quoted as saying by the newspaper.     

According to the Sunday Times Rich List, Lulla has a family fortune worth 206 million pounds.     

In 2007, Lulla joined hands with Sony Pictures to co-produce films and the pair have held meetings with artists and writers in an effort to a new superhero.     

"They are planning to create a Spider-Man-type character in Hindi and have hired Charles Darby and a top visual effects team. Darby is the renowned matte artist who has worked on dozens of films from Waterworld to Harry Potter and the Goblet of Fire," The Times said.