Movies

Dreamworks, Walt Disney stitch distribution pact

MUMBAI: After the termination of the distribution pact with Universal Studios last week, DreamWorks co-founder Steven Spielberg has moved into newer pastures to churn out the much-needed cash required to finance, market and distribute the Oscar-winning director‘s forthcoming slate in partnership with Reliance Big Entertainment.

DreamWorks Studios has secured a deal with Walt Disney Company. Under the terms, Disney will market and distribute at least six live-action films coming out of the Studio’s Touchstone Pictures banner each year. The first project from the production basket will be released sometime in 2010.


Reliance, a 50:50 partner with DreamWorks in a newly created company, will get to distribute these movies in India.


Under the new agreement, Disney will also provide a bridge financing loan to DreamWorks to match up to the $350 million coming in as equity from Reliance ADAG‘s pocket.


Disney stepped in after Dreamworks and Universal Studios axed their distribution pact signed last year following disagreements over financing.


The deal will help Disney boost its annual movie slate without incurring further financial risk. Walt Disney Studios chairman Dick Cook said, "Spielberg has made some of the biggest films of all time and continues to be one of the great icons of our industry. Thus, his motion pictures will be the perfect compliment to the already robust slate of Disney."






Last year, post the DreamWorks Studios-Paramount break up, Spielberg partnered with Reliance Big Entertainment to build a $1.5 billion company that would finance 32 movies over six years.


However, stung by the ongoing economic recession bug, the funding would now be raised in various legs. JPMorgan Chase & Co is arranging a $350 million debt within three months. Reliance will put in a similar amount as equity.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/24/after-ever-after_1.jpg?itok=edl5LsUU
Five Indian films to be screened at Hollywood CineFest

Indian films After Ever After by Rakesh Kumar has been selected for the Hollywood International CineFest being held this month.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/23/tubelight.jpg?itok=RlPpBJ0u
Tubelight.... Betrays fans' faith

Tubelight is a slang used generally to refer to a person who is a slow-starter, takes time in grasping matters like jokes or a simple statement. In the film, Tubelight, Salman Khan's character, is described as such by one and all because nothing seems to get into his head. But, as the story unfolds...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/21/epic.jpg?itok=ctvWJiAq
Lesser-known facts about Indian cinema in new series on EPIC

A total of 24 lesser-known milestones and creatives of Hindi as well as regional cinema will be the highlight of a new series on Indian cinema on the Epic TV channel.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/19/phullu_0.jpg?itok=dBmI2GaS
No takers for films sans merit or promotion

The drought continues despite a number of new films releasing. The thing is, the films released in last three weeks lacked in face value and promotion. Cinema halls continued with their suicidal approach of sticking to the high admission rates. It does not impact the merit and face value of a film.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/19/Kishore%20Lulla%20and%20Necati%20Sasmaz.jpg?itok=-xR7wdf9
Eros International signs co-production deal with Turkish co Pana Film

MUMBAI: Eros International Media, a global company in the Indian film entertainment industry, has announced two Indo­-Turkish co-productions with Pana Film, a leading Turkish film studio owned by Turkish actor Necati Sasmaz, known for playing the lead role of Polat Alemdar in Turkey's...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/16/phullu_0.jpg?itok=6JvEBXvp
Phullu.....One for social cause

India is the flavour of the season. Be it biopics or social messages. The first awkward moment for the family audience was when bra panty underwear ads went online. Long ago, some makers ventured into bridging the gap between communities by depicting inter cast and inter class romance. The condom...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/13/NFAI-Story.jpg?itok=KuveZKHc
Rs-500m film digitisation, sound restoration & software RFPs to be floated in '17-18

NEW DELHI: Noting that substantial under-utilisation of funds under the National Film Heritage Mission has reflected in the overall idling of fund in the film sector as a whole during 2016-17, a Parliamentary Committee has asked the information and broadcasting ministry to ensure optimal...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/12/chanpion.jpg?itok=zRh8SM4W
Ramzan or Champions Trophy can't be an excuse for dull period at box office

With the kind of films being made which find their way to the cinema halls, one can’t blame the dull period at the box office to the fasting month of Ramzan when the Muslim audience keeps away from entertainment or the Championship Trophy 50 over matches being played in England.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/12/Meryl%20Streep.jpg?itok=hyA6SrTs
Reliance, Universal & eOne to distribute Fox-Amblin's Spielberg movie 'The Papers'

MUMBAI: Twentieth Century Fox and Amblin Entertainments' riveting drama inspired by actual events, 'The Papers' began principal photography in New York recently. Internationally, the film will be distributed through Amblin’s deals with Universal Studios, Reliance Entertainment, eOne and other...

Movies International

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories