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Author Topic: Disney/Dreamworks announce deal Joe Tommassello Jedi Master Film Handler Posts: 547 From: Coatesville, PA, USA Registered: Jan 2008 posted 02-09-2009 02:19 PM                  http://www.breitbart.com/article.php?id=D9688PUO0&show_article=1 BURBANK, Calif. (AP) - The Walt Disney Co.'s motion picture arm said Monday it has agreed to a long-term exclusive distribution deal with Steven Spielberg's DreamWorks SKG movie studio after a similar agreement between DreamWorks and Universal Pictures fell apart last week. Walt Disney Studios said Monday it will handle distribution and marketing for six live action DreamWorks films a year under its Touchstone Pictures brand beginning in 2010. The company did not disclose any financial details of the agreement. With backing from Reliance Big Entertainment of India, DreamWorks announced in September that it would leave Viacom Inc.'s Paramount Pictures. But the rapidly deteriorating credit markets have complicated the move. Reliance said it would match loans raised made by JPMorgan Chase & Co. totaling $550 million to finance new movies over the next 7 years. But JPMorgan's fundraising has been delayed and the bank now plans to raise $325 million by the end of next month. DreamWorks and Universal announced a distribution deal in October, but with DreamWorks asking for more upfront financing and other new terms, talks fell apart.  |  IP: Logged

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