Deal For Spielberg To Leave Paramount Close - Blu-ray Forum

GreenScar · 08-09-2008, 02:59 AM

This deal has been in the works for Dreamworks for some time now. It's interesting at how fast it could be finalized...

If Steven Spielberg leaves Viacom, Inc's Paramount Pictures, all of the projects he has a hand in that are currently underway at Paramount will stay with the studio.

Mr. Spielberg and company are currently in talks with Mumbai entertainment company Reliance ADA to form a joint venture that will allow Mr. Spielberg's company DreamWorks, SKG to split off from Paramount Pictures.

A source with knowledge of the talks said a deal may be reached as early as next week and Mr. Spielberg will receive $500 million in funding and borrow an additional $400 million with no outside equity.

While the funding and equity is close to the previous reports of $1 billion, it contrasts with the news that the studio would look for another $1 billion to finance new projects.

If a deal is signed, Mr. Spielberg and partners David Geffen and Jeffrey Katzenberg will be able to leave as early as November.

lgans316 · 08-09-2008, 05:19 AM

I would call this move a disaster.

Josh · 08-11-2008, 01:17 PM

Spielberg has been looking to leave Paramount for a long time. It was greatly assumed that he would return to Universal.

stockstar1138 · 08-11-2008, 01:19 PM

i can't blame a smart man like steven for leaving such a poorly run studio.

yes, i am still po'd over them going dud exclusive last aug. sorry.

HDJK · 08-11-2008, 01:31 PM

Quote:

Originally Posted by lgans316

I would call this move a disaster.

Why is that?

Heart&Soul · 08-11-2008, 01:55 PM

I doubt that it matters which studio Speilberg is with.

X400 · 08-11-2008, 02:03 PM

teaming up with Reliance ADA?? sounds like a risky move... let alone out of the blue.

Reliances' entertainment branch seems to be a risky stretch into the entertainment bizness, a joint venture with Speilberg is great for them but just seems oO for S.S.

fatediesel · 08-11-2008, 02:30 PM

This has been rumored for quite a while. I'm going to be curious how this works in terms of distribution. Will they release and market their own movies, or will they sign a deal with another company for this aspect, as Lucas does with Fox.

Lucy Diamond · 08-11-2008, 02:41 PM

Finally...

MOONPHASE · 08-11-2008, 02:41 PM

Quote:

Originally Posted by Heart&Soul

I doubt that it matters which studio Speilberg is with.

because no matter what company he works in he still makes a lot of money because the average joe person doesnt care what company he makes a movie for just as long as he makes a movie at all is enough for people to want to see it

08-09-2008, 02:59 AM	#1
GreenScar Blu-ray Knight Member since:Aug 2007 Blu-ray collection:148 Trading Score:2	Deal For Spielberg To Leave Paramount Close This deal has been in the works for Dreamworks for some time now. It's interesting at how fast it could be finalized... If Steven Spielberg leaves Viacom, Inc's Paramount Pictures, all of the projects he has a hand in that are currently underway at Paramount will stay with the studio. Mr. Spielberg and company are currently in talks with Mumbai entertainment company Reliance ADA to form a joint venture that will allow Mr. Spielberg's company DreamWorks, SKG to split off from Paramount Pictures. A source with knowledge of the talks said a deal may be reached as early as next week and Mr. Spielberg will receive $500 million in funding and borrow an additional $400 million with no outside equity. While the funding and equity is close to the previous reports of $1 billion, it contrasts with the news that the studio would look for another $1 billion to finance new projects. If a deal is signed, Mr. Spielberg and partners David Geffen and Jeffrey Katzenberg will be able to leave as early as November.

08-11-2008, 02:03 PM	#7
X400 Blu-ray Samurai Member since:Jul 2007 Location:Kent Blu-ray collection:328 Blu-ray reviews:41 Trading Score:23	teaming up with Reliance ADA?? sounds like a risky move... let alone out of the blue. Reliances' entertainment branch seems to be a risky stretch into the entertainment bizness, a joint venture with Speilberg is great for them but just seems oO for S.S. Last edited by X400; 08-11-2008 at 02:07 PM.

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08-09-2008, 05:19 AM	#2
lgans316 Blu-ray Baron Member since:Jul 2007 Location:RM16, United Kingdom Blu-ray reviews:17 Trading Score:498	I would call this move a disaster.

08-11-2008, 01:17 PM	#3
Josh Super Moderator Top contributor Member since:Sep 2006 Home Theater Gallery:50 4K collection:37 Blu-ray collection:407 Digital collection:1 Blu-ray reviews: 15 Trading Score:34	Spielberg has been looking to leave Paramount for a long time. It was greatly assumed that he would return to Universal.

08-11-2008, 01:19 PM	#4
stockstar1138 Banned Member since:Apr 2007	i can't blame a smart man like steven for leaving such a poorly run studio. yes, i am still po'd over them going dud exclusive last aug. sorry.

08-11-2008, 01:55 PM	#6
Heart&Soul Senior Member Member since:Dec 2007 Location:Oregon 4K collection:167 Blu-ray collection:725 Blu-ray reviews:50	I doubt that it matters which studio Speilberg is with.

08-11-2008, 02:30 PM	#8
fatediesel Blu-ray Count Member since:Nov 2007 Location:Iowa Blu-ray collection:410 Trading Score:47	This has been rumored for quite a while. I'm going to be curious how this works in terms of distribution. Will they release and market their own movies, or will they sign a deal with another company for this aspect, as Lucas does with Fox.

08-11-2008, 02:41 PM	#9
Lucy Diamond Blu-ray Champion Top contributor Member since:Apr 2008 Location:The Tomb of Annihilation 4K collection:- Blu-ray collection:- DVD collection:- Digital collection:- Blu-ray reviews: 2 Trading Score:3	Finally...

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