Amr-3DT
20-09-2008, 10:16 PM
It's official. The Wall Street Journal has the scoop that DreamWorks SKG is creating a new $1.2-billion company, having concluded its long-anticipated financing deal with Reliance, one of India's biggest entertainment conglomerates. The good news is that DreamWorks is now backed by a mega company that isn't caught up in the Wall Street meltdown of recent days. The new DreamWorks will be run by Steven Spielberg and Stacey Snider, with longtime DreamWorks partner David Geffen bowing out of active participation in the company. The move ends a contentious two-year-plus marriage with Paramount Pictures, which was frequently at odds with the DreamWorks team.
Read more: http://latimesblogs.latimes.com/the_big_picture/2008/09/dreamworks-is-f.html
Read more: http://latimesblogs.latimes.com/the_big_picture/2008/09/dreamworks-is-f.html