DreamWorks To Close Deal With Universal

DreamWorks To Close Deal With Universal

DreamWorks has all-but-officially closed a distribution deal with Universal, with an announcement expected in the next few days, my sources tell me.

Three major studios were vying for the guaranteed cash that comes from the right to distribute DreamWorks' movies. Now that the billion-dollar deal between the Steven Spielberg-David Geffen-and-Jeffrey Katzenberg machine and the Indian media conglomerate, Reliance, is closed, Universal, Fox, and Disney are all keeping communication lines open to get this deal done, according to two people close to the deal-making. A senior figure at DreamWorks said that the deal is not yet done, but that Spielberg would decide by the weekend. He declined to say who had the edge in the discussions.

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