What a whore! After leaving Paramount, DreamWorks has already found itself in the arms no, bed of Universal Pictures. Yeah, we'll see how long that hussy lasts there.
Seven years? Okay, okay, but Universal better wear protection.
DreamWorks and Universal Pictures Sign Pact
The seven-year pact between DreamWorks and Universal Pictures has some serious conditions. While Universal was willing to commit $150 million to the new venture, they will be requiring an 8% distribution fee on DreamWorks releases. Sounds fair, and DreamWorks will be able to feel out the deal, as Paramount remains obligated to distribute plenty of the studio's projects.
The pact between Universal and DreamWorks is supposed to take effect in 2009 and should include around six films per year. The only problem is all those ties to Paramount that are still firmly attached, meaning that Universal might not see their first DreamWorks project up for distribution until 2010.
When they do get started, Universal has also agreed to advance DreamWorks the marketing costs of the films.
Considering that Spielberg kicked off his career at Universal, transitioning back to his remaining DreamWorks offices that still remain on the lot should be easy.
"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. "While it feels great to come home again, it feels like I never left."