DreamWorks in Talks to move Studio to NBC: Report
Posted on Sat, 17 Nov 2007 05:00:00 CST | by Luigi Lugmayr
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NEW YORK (Reuters) - DreamWorks principals David Geffen and Steven Spielberg
have been negotiating to move their studio to NBC Universal from Paramount
Pictures, the New York Times reported on Saturday.
Citing people close to the talks who requested anonymity, the Times said the
discussions had been going on since late summer but had hit a stumbling block
over financing.
The talks come at a time of relatively few options for DreamWorks, which was
acquired by Paramount Pictures and its corporate parent, Viacom Inc, in 2005 for
$1.6 billion but has seen its relationship with its new owners sour in recent
months.
Paramount rivals Warner Bros and the Walt Disney Co have both nixed the idea of
taking on DreamWorks, while News Corp executives told the Times there had been a
meeting with DreamWorks but no negotiations were in progress.
Viacom executives also said there were no talks currently with DreamWorks,
although a Viacom spokesman declined to comment, and Geffen refused to discuss
negotiations, the Times said.
But Spielberg, who is in post-production on another widely anticipated "Indiana
Jones" film for Paramount, has expressed a clear desire for a deal with NBC
Universal, which is controlled by General Electric Co, the report said, citing
people involved in the negotiations.
Geffen plans to meet with GE Chairman Jeffrey Immelt next week, with Jeff Zucker,
NBC Universal's president and chief executive, and Universal Studios President
Ron Meyer also expected to attend, the newspaper reported.
DreamWorks Animation, a separate publicly held studio run by Jeffrey Katzenberg,
has its own deal to have its movies distributed by Paramount through 2012 and
would thus be unaffected by the NBC Universal talks, the Times said.
(Writing by Chris Michaud; Editing by Peter Cooney)
© Copyright 2007 Reuters.
Posted on Sat, 17 Nov 2007 05:00:00 CST | by Luigi Lugmayr
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