DreamWorks waiting on Reliance
Hollywood Newsroom is now Buzz Newsroom! Visit and bookmark our new site. Buzz is bigger and better, including sports, world news, gadgets and the entertainment news that you're used to. Same staff, just more stuff! Why Fark, Drudge and Huffington when you can Buzz!?It’s the most overly reported deal of the year, but it never seems to close.
Indian company Reliance apparently still intends to invest half a billion dollars in DreamWorks, but obstacles keep presenting themselves, and the deal, which was supposed to close weeks ago, is still weeks off.Insiders insist the basic deal remains intact, but the devil is in the details. Especially the banking details.
The delays are causing problems on several levels. Paramount’s future slate is still in shadows. The distribution and marketing machines of companies like Fox and Universal, which conceivably could end up with DreamWorks product, are left hanging
Then there’s Steven Spielberg: His involvement in the Reliance situation seems to have cast doubt over his own directing plans. Will he focus on “Tin Tin,” a project he was planning to hatch with Peter Jackson, or will other properties now attract his attention?
- from Variety