Steven Spielberg To Split From Disney, Universal Deal In Sight
$DIS, $CMCSA, $VIA
The film director will ankle Disney after the release of next Summer’s ‘The BFG.’
With Jurassic World crushing box-office records, Steven Spielberg, 68 anni, reminds the industry of his might, putting him in a powerful position as he negotiates a distribution deal for DreamWorks before its current arrangement with the Walt Disney Co. (NYSE:DIS) expires in August 2016.
Sources say the Spielberg-directed The BFG, based on the Roald Dahl book and set to debut on 1 July 2016, the last under the Disney deal, which began in Y 2009.
Talk is that Mr. Spielberg’s likely future home is Universal, a unit of Comcast Corp (NASDAQ:CMCSA), where he has maintained his offices even as DreamWorks distributed its films through Paramount, a unit of Viacom (NYSE:VIA), and then Disney.
Steven Spielberg, the hands-on Executive Producer on Universal’s Jurassic World, is Key to future dinosaur movies, the next already is dated for June 2018, as well as associated theme-park attractions.
He also is Key on potential reboots of other Universal franchises such as Jaws and Back to the Future.
Universal declined to comment, as did DreamWorks.
Stay tuned…
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Paul Ebeling
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