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DreamWorks, Paramount settle split

Lee Stewart
10-06-2008, 03:14 PM
DreamWorks, Paramount settle split

FROM VARIETY: Studios hammer out separation agreement

By Tatiana Siegel of Variety -- Video Business, 10/6/2008
OCT. 6 | FROM VARIETY: Paramount and DreamWorks have hammered out a joint arrangement for up to 40 development projects.
As part of the separation agreement, DreamWorks will take the lead on 15-20 projects, with Paramount retaining an option to co-finance and co-distribute the films.

Deal was worked on throughout the weekend by Viacom general counsel Michael Fricklas and Par vice chairman Rob Moore (for Paramount) and David Geffen and attorney Skip Brittenham (on behalf of DreamWorks). Geffen will not be joining the new DreamWorks.

Read the full story on Variety.com.

http://www.videobusiness.com/article/CA6602075.html