Speilberg to sell 50% of DreamWorks

[Amr-3DT]

That's what Steven Spielberg may get this week, according to well-placed industry sources. They say that Hollywood's most powerful director is meeting in New York with, and will likely announce a deal with, India's Reliance Communications to restart the DreamWorks studio that he is relocating from Paramount Pictures (VIAB) in an acrimonious split. Spielberg, who traditionally spends his summers in the Hamptons, is meeting with Anil Ambani, the billionaire chairman of Reliance Communications, to finalize what's expected to be up to a $1.2 billion transaction that would make the Indian conglomerate a 50% owner of Spielberg's new studio.

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[poopipe]

damn, if I didn't have a mortgage I'd have put an offer in