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Spielberg Pays Bills for Ailing DreamWorks

Credit crunch forces director into personal bailout for studio

By Ambreen Ali, Newser User

Posted Jan 15, 2009 10:51 AM CST

(Newser) – Perhaps for the first time, Steven Spielberg is using personal funds to pay half of a $26.5 million bill his company, DreamWorks, owes ex-partner Paramount so it can keep 17 film projects under its wing. Due to cash shortages, the studio has already lost... Read full story »

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Spielberg Pays Bills for Ailing DreamWorks

Credit crunch forces director into personal bailout for studio

Hollywood • Steven Spielberg • recession • DreamWorks • credit crisis • Paramount • Hollywood producers • JPMorgan Chase • financing • financial crisis • Reliance

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