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‘Show us the money’ imply DreamWorks |
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| Chris Forrester, on 07-09-2008 |
The deal has been in place for the best part of a year, with Indian telco and media giant Reliance long ago having confirmed that it would invest $500m-$600m in the Steven Spielberg-backed DreamWorks SKG studio. But the paperwork, the detail – and thus the cash – are all some time away from completion.
All these deals take time to come to fruition, but this straightforward
(at least when compared to other similar sets of negotiation) agreement
is having unpleasant knock-on effects down the line with confusion at
several levels. The Reliance cash was supposed to in time free up
Steven Spielberg from his obligations at Paramount, and the cash was
going to leverage another $1bn or so of fresh borrowings for a new
slate of movies.
But that isn’t happening, and according to trade newspaper Variety,
DreamWorks is not spending cash on developing projects or scripts until
there’s clarification, or the Reliance deal closes, and causing “angst”
at the studio.
© Rapid TV News 2008
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