Indian billionaire Anil Ambani has announced a series of Hollywood deals worth $1 billion, the biggest ‘invasion’ by an Indian company to date. His entertainment studio Reliance Big has made deals with production companies of people like Tom Hanks, Brad Pitt, George Clooney and Nicolas Cage. Ambani expects to generate 30 scripts, with about 10 movies going into production.

India still has one of the fastest growing film markets. And while they sell twice as many tickets as in Hollywood, the low prices keep the Indian companies from making ‘Hollywood money.’ But the market is growing fast. It grew 25% in 2007 compared to 2006 and is expected to grow 18% per year the next five years. This is why studios like Disney are already setting foot in Bollywood, before it will take over Hollywood as the number one market.