IM Global, a Los Angeles and London based international film sales company IM Global founded in March 2007 by CEO Stuart Ford, has received an undisclosed majority investment from Reliance Big Entertainment Ltd., a member of Reliance ADA Group.
Ford’s holding company Ancramdale will retain a significant equity position in the business.
In February 2010 the two companies formed a sales alliance that saw IM Global handle Reliance’s prolific Hindi film output internationally. The sales alliance has now progressed to Reliance acquiring a majority stake in IM Global.
This extended relationship between the two companies ensures an increased capability for independent film financing by IM Global, an expansion into sales and financing for top tier non-English language cinema as well as selective rights acquisitions for India and other Asian markets.
Reliance BIG Entertainment Ltd. (RBEL) is the flagship media and entertainment arm of India’s Reliance Anil Dhirubhai Ambani Group, with a significant presence in film entertainment (film production, distribution, and exhibition), broadcasting and new media ventures.
FinSMEs
07/05/2010