Resurrected Dreamworks Studio Not On Top Yet
Posted: Thu Jan 15, 2009 1:55 amA financial article has appeared on the site of Business Week in regards to earlier reports of Motion Picture director and Transformers movies Producer Steven Spielberg and his resurrection of Dreamworks Studios. As reported back in July of last year, Spielberg had landed a deal with India-based movie studio conglomerate Reliance, for a business proposal for $1.5 billion to potentially produce up to 30 movies in the next 5 years.
This article however reports that with the current weak economy, both Dreamworks and Reliance have been having problems putting their finances in order to achieve the $1.5 billion mark and will most likely be settled at only $650 million. Instead of a seven year plan it would appear that Dreamworks will now only concentrate their efforts for the next three years in the their current status. The returns of movies like Transformers: Revenge of the Fallen may be an important factor for Dreamworks to rebuild itself over the next few years. What this would mean for future movie products including a future third installment of the Transformers Movies franchise is undetermined at this time.
This article however reports that with the current weak economy, both Dreamworks and Reliance have been having problems putting their finances in order to achieve the $1.5 billion mark and will most likely be settled at only $650 million. Instead of a seven year plan it would appear that Dreamworks will now only concentrate their efforts for the next three years in the their current status. The returns of movies like Transformers: Revenge of the Fallen may be an important factor for Dreamworks to rebuild itself over the next few years. What this would mean for future movie products including a future third installment of the Transformers Movies franchise is undetermined at this time.