DreamWorks, Universal ink deal

DreamWorks has nailed down its seven-year distribution pact with Universal — as expected — but there are several aspects of the deal that stand out.

In the end, there was no bidding war for DreamWorks pics. Universal will commit $150 million to the new venture and will collect an 8% distribution fee. Par will still be distributing many films before and after the new U deal takes effect.

Disney supposedly had engaged in casual talks with DreamWorks principals Steven Spielberg and Stacey Snider, but the Universal deal had been expected given U’s longstanding ties with the pair.

(Variety)


Film Business, Hollywood


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