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WEDNESDAY, NOVEMBER 25, 2009
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Spielberg Strikes Huge Universal Deal

Universal Studios to distribute up to 6 films a year

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(Newser) – Steven Spielberg is returning to the Hollywood studio where he made his classic blockbusters Jaws and ET.  Spielberg's DreamWorks, backed with $1.4 billion in new financing, has struck a seven-year distribution deal with Universal for as many as six new releases a year, according to the Hollywood Reporter.

"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. Universal Studios' president added: "We couldn't be more pleased to welcome the DreamWorks team back."

Steven Spielberg and his DreamWorks partner Stacey Snider. DreamWorks has struck a major distribution deal with Universal, where he made his classic early blockbusters.
Steven Spielberg and his DreamWorks partner Stacey Snider. DreamWorks has struck a major distribution deal with Universal, where he made his classic early blockbusters.   (Photo: Business Wire)
In this Jan. 25, 2007 file photo, Steven Spielberg arrives for the screening of
In this Jan. 25, 2007 file photo, Steven Spielberg arrives for the screening of "The Good Night," during the Sundance Film Festival in Park City, Utah.   (AP Photo/Carolyn Kaster, File)
Steven Spielberg is returning to Universal, where he made his early classics. His studio, DreamWorks, has struck a distribution deal with Universal.
Steven Spielberg is returning to Universal, where he made his early classics. His studio, DreamWorks, has struck a distribution deal with Universal.   (AP Photo/Francois Mori)
The Universal Studios complex, which includes the Universal Studios Hollywood theme park, CityWalk and the studio's back lot.
The Universal Studios complex, which includes the Universal Studios Hollywood theme park, CityWalk and the studio's back lot.   (AP Photo/Nick Ut)
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