New York, Aug 18 - The Reliance Anil Dhirubhai Ambani group has sealed its $825-million deal with Steven Spielberg's DreamWorks Studios with investment banker JP Morgan syndicating $325 million debt, the two groups announced late Monday.

Anil Ambani's Reliance Big Entertainment has matched the syndicated debt raised from JP Morgan and institutions like Bank of America, City National Bank, Wells Fargo, Comerica, Union Bank of California, SunTrust, California Bank and Trust and Israel Discount Bank.

This apart, Walt Disney Studios that will handle the marketing and distribution of films made by DreamWorks in markets outside India, is also extending a loan for the project, a statement from the studio said.

'This will allow us to move ahead quickly into production with our first group of films,' Spielberg was quoted as saying in the statement, along with his long-time associate and partner in the project Stacey Snider.

The studio intends to make five-six films each year.

'Our partnership with Stacey and Steven is the cornerstone of our Hollywood strategy as we grow our film interests across the globe,' said Ambani, who had been in talks with Dreamworks for over a year.

'Given our faith in the business plan they presented to us and despite the current economic climate, we were always confident this day would come. Now Stacey and Steven can focus on producing more of the great films for which they are renowned.