Spielberg, Paramount Split DreamWorks Projects

Divorce accomplished without years of litigation, projects divvied up

By Peter Fearon, Newser Staff

Posted Oct 6, 2008 2:25 AM CDT

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Spielberg, Paramount Split DreamWorks Projects — Movie moguls and DreamWorks founders Jeffrey Katzenberg and Steven Spielberg. Paramount and DreamWorks have negotiated an amicable split. (AP Photo/Kevork Djansezian)

It may be one of the most amicable Hollywood divorces in history. Paramount Pictures and DreamWorks announced a division of 200 movie projects in development as golden-touch producer Steven Spielberg leaves to launch a new company, according to the Hollywood Reporter. The unexpectedly easy split comes in defiance of Hollywood experts who had predicted years of litigation. The two companies will even remain partners on up to 40 projects.

DreamWorks founder David Geffen will not be part of a new company formed by former partner Spielberg, but Spielberg paid tribute to him for "his far reaching vision that has made it possible for me to steer this new course." Geffen's "advice and wisdom have always been right on the money," Spielberg added.
(More DreamWorks stories.)

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