DreamWorks and Paramount make breakup official, hands out tissues

by Darren Murph, posted Oct 10th 2008 at 4:13PM

And to think, most of you probably had no idea that these two were even having issues. After Paramount's parent company, Viacom Inc., acquired DreamWorks in 2006 for $1.6 billion, things were never exactly pleasant. Now, the two have finally hammered out a deal that will enable them to part ways and retain "joint custody," if you will, of around 40 movie projects. Where do things go from here? Spielberg and his team of executives are out to form an "independent studio backed by one of India's biggest conglomerates, Reliance ADA Group, which plans to invest $550 million for a 50% stake." Under the settlement, Spielberg's new firm (which will still go by DreamWorks) will take the lead on upwards of 20 film projects currently owned by Paramount. As with most divorces, this one too is filled with complexities -- if you're into that, tap the read link for all the minutiae.

[Image courtesy of Kinoweb]

Filed under: Industry, Blu-ray

Tags: breakup, business, dreamworks, industry, movie, movies, paramount, Paramount Pictures, ParamountPictures, studio, studios

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Reader Comments (Page 1 of 1)

Highly Ranked

burndive @ Oct 10th 2008 4:49PM

It's over. They caught them. Speilberg and Lucas will never be able to harm another Indiana Jones again.

(South Park made me do it.)

Neutral

3dpenguin @ Oct 10th 2008 5:56PM

As Yoda would say, "Wrong you are there I think."

Spielberg and Lucas own the rights to the characters from the Indiana Jones series, Paramount just has the distribution rights.

Neutral

burndive @ Oct 10th 2008 5:37PM

Not lately have South Park you watched.

Neutral

J.Goodwin @ Oct 10th 2008 8:45PM

Is Reliance ADA one of those companies from India?

Neutral

J.Goodwin @ Oct 10th 2008 8:47PM

Yep:

http://www.rbe.co.in/

Spielberg's next film is confirmed to be a 220 minute musical comedy featuring star crossed lovers separated by caste and tradition.

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