Hollywood legend Steven Spielberg has according to online reports quit Paramount Pictures and will launch a brand new film venture. As part of a deal with India’s Reliance ADA Group, Spielberg will produce 35 movies (!)  in the next five years.

Spielberg, who has directed blockbusters such as “Jaws”, “E.T. the Extra-Terrestrial”, “Jurassic Park”, “Schindler’s List”, “Saving Private Ryan” and “Indiana Jones”, will according to Sky News hold a CEO position in the new venture together with DreamWorks’ CEO Stacey Snider.

The famous director will continue to produce the Transformers franchise for Paramount, and will reportedly also work with Paramount on three other flicks, including a remake of ”When Worlds Collide”.

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