Spielberg Strikes Huge Universal Deal

Universal Studios to distribute up to 6 films a year
Posted Oct 14, 2008 10:29 AM CDT
Spielberg Strikes Huge Universal Deal
Steven Spielberg and his DreamWorks partner Stacey Snider. DreamWorks has struck a major distribution deal with Universal, where he made his classic early blockbusters.   (Photo: Business Wire)

Steven Spielberg is returning to the Hollywood studio where he made his classic blockbusters Jaws and ET.  Spielberg's DreamWorks, backed with $1.4 billion in new financing, has struck a seven-year distribution deal with Universal for as many as six new releases a year, according to the Hollywood Reporter.

"Universal has always been my home base, so this agreement starts a new chapter in what has been a long and successful association," said Spielberg. Universal Studios' president added: "We couldn't be more pleased to welcome the DreamWorks team back."

Read These Next
Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X