Spielberg's DreamWorks joins Universal

[Yar-El]

Spielberg's DreamWorks joins Universal

 

Steven Spielberg’s DreamWorks studio has signed on with Universal Pictures to distribute its films as his company parts ways with Paramount.

 

Under the seven-year deal, Universal will distribute up to six DreamWorks movies a year domestically and overseas, except for India, executives for both companies said Monday.

 

Spielberg made his early films, including “Jaws,” for Universal, and his Amblin Entertainment production company remained based on the Universal lot even after Paramount acquired DreamWorks in 2006.

Holy Henna!

 

I wonder if this is good or bad. Paramount parted ways with Tom Cruise, and have now parted ways with Spielberg.

[LordOfTheFish]

I think it will be a good thing.

[SW01]

The split was probably more a loss to Paramount than to Spielberg, in my opinion. Anything with his name on it seems to be decent money-spinner. Interesting that it is a case of 'going back' to Universal.