After a sometimes rocky and often antagonistic relationship with Paramount executives
over the past three years, the principals of DreamWorks, Steven Spielberg and David
Geffen, are reportedly close to a deal that would see Mumbai-based Reliance ADA Group
invest more than $500 million to revive the company as an independent filmmaker.
Today's (Wednesday) Wall Street Journal, citing people familiar with the talks,
said that in addition to Reliance's investment, Spielberg and Geffen plan to
borrow $500 million. The new DreamWorks reportedly plans to produce about six films
a year. However, no studio has yet been selected to distribute them. (DreamWorks
Animation, headed by Jeffrey Katzenberg, currently has a long-term distribution deal
with Paramount.)
18/06/2008
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