Universal Walks Away From DreamWorks Deal
Instead, DreamWorks heads Steven Spielberg and Stacey Snider are in advanced talks with the Walt Disney Co. about a distribution deal. While other studios like Fox have also been mentioned as possible DreamWorks suitors in the past, a potential Disney deal appeared to be the only one on the table at the moment.
Universal released a statement saying, "Universal Pictures has ended discussions with DreamWorks for a distribution agreement. Over the past several weeks DreamWorks has demanded material changes to previously agreed upon terms. It is clear that DreamWorks' needs and Universal's business interests are no longer in alignment. We wish them luck in their pursuit of funding and distribution of their future endeavors."
For more on DreamWorks' financial situation, click here.
Wireless messaging lets you receive special text messages about Movie Miguel directly on your cell phone! We will let you know about The Movie Miguel Show, Dj Movie Miguel, TV appearances, events, special announcements, and other information that you just can't live without. You can unsubscribe at any time. To sign up, just enter your cellphone number and hit submit! Standard text message rates apply.