LOS ANGELES , California ( CNN ) -- Financing for DreamWorks Studios ' partnership with one of India 's richest men was finalized Monday , giving Steven Spielberg and partner Stacey Snider money to resume making movies . From left to right , Steven Spielberg , Anil Ambani , Stacey Snider and Amitahb Jhunjhunwala . The deal with Anil Ambani , chairman of India 's Reliance BIG Entertainment , provides Spielberg 's DreamWorks Studios with $ 875 million , coming from Ambani , the Walt Disney Co. and loans made by a syndicate of banks . Disney will distribute and market about six DreamWorks Studios films around the world each year , with the exception of India , where Reliance will have those rights . Spielberg and Snider found themselves in need of financial partners last year when he cut ties with Paramount Pictures and began rebuilding DreamWorks into an independent studio . Although the deal , which was announced last year , has been characterized in some reports as `` Hollywood meets Bollywood , '' Spielberg and partner Stacey Snider will have creative control over productions . `` This will allow us to move ahead quickly into production with our first group of films , '' Snider and Spielberg said in a joint statement . Reliance BIG Entertainment is part of the Reliance group controlled by billionaire Ambani . `` Our partnership with Stacey and Steven is the cornerstone of our Hollywood strategy as we grow our film interests across the globe , '' Ambani said . `` Given our faith in the business plan that they presented to us and despite the current economic climate , we were always confident that this day would come . Now Stacey and Steven can focus on producing more of the great films for which they are renowned . '' Ambani , whose company owns hundreds of theater screens across South Asia , has also invested development money this year with other Hollywood production companies , including those owned by actors Nicolas Cage , Tom Hanks , George Clooney and Jim Carrey . A DreamWorks announcement said that J.P. Morgan brought together the syndicate of banks to provide about $ 325 million in funding . The banks include Bank of America , City National Bank , Wells Fargo , Comerica , Union Bank of California , SunTrust , California Bank & Trust , and Israel Discount Bank . One of the first movies to go into production will be `` Harvey , '' an adaptation of the play that won a Pulitzer for playwright Mary Chase . The tale about a man and his invisible bunny friend was first made into a movie , starring Jimmy Stewart , in 1950 . Spielberg 's long career as a screenwriter , director and producer has included classic blockbusters `` E.T . : The Extraterrestrial , '' the `` Indiana Jones '' series and `` Saving Private Ryan . ''
Steven Spielberg finalizes partnership with Indian tycoon , gets cash infusion . Partnership with CNN provides about $ 325 million for DreamWorks . Steven Spielberg 's first film planned : remake of classic `` Harvey