DreamWorks, Universal ink deal
By Behind The Scenes TV on Oct 15, 2008 in Film Business, Hollywood
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)
Related posts:
- DreamWorks and Disney to announce movie deal Walt Disney Co is expected to announce a movie...
- DreamWorks in talks with Bollywood India’s Reliance ADA Group is in advanced talks to...
- India media giant eyes $2B DreamWorks deal India’s Reliance Entertainment and other investors are in talks...