Universal ends distribution talks with DreamWorks
Universal Pictures says it has ended talks with DreamWorks on their pending distribution deal, saying Steven Spielberg's studio has ``demanded material changes to previously agreed upon terms.''
By Agencies |
LOS ANGELES: Universal Pictures says it has ended talks with DreamWorks on their pending distribution deal, saying Steven Spielberg's studio has ``demanded material changes to previously agreed upon terms.''
``It is clear that DreamWorks' needs and Universal's business interests are no longer in alignment,'' Universal says.
DreamWorks SKG agreed to a deal with Universal in October 2008 after the studio parted ways with Viacom Inc. subsidiary Paramount Pictures, which previously distributed DreamWorks' films.
``It is clear that DreamWorks' needs and Universal's business interests are no longer in alignment,'' Universal says.
DreamWorks SKG agreed to a deal with Universal in October 2008 after the studio parted ways with Viacom Inc. subsidiary Paramount Pictures, which previously distributed DreamWorks' films.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
