Resurrected Dreamworks Studio Not On Top Yet
Thursday, January 15th, 2009 12:56AM CST
Categories: Movie News, People News, Company News, Media VaultPosted by: Raymond T. Views: 29,083
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A 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.
Credit(s): www.businessweek.com
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Re: Resurrected Dreamworks Studio Not On Top Yet (867158)
Posted by First-Aid on January 15th, 2009 @ 7:14am CST
Posted by First-Aid on January 15th, 2009 @ 7:14am CST
So, the current economic climate may kill TF 3?
Re: Resurrected Dreamworks Studio Not On Top Yet (867176)
Posted by Raymond T. on January 15th, 2009 @ 7:37am CST
Posted by Raymond T. on January 15th, 2009 @ 7:37am CST
I wouldn't say kill. If the first movie was any indication they will need a movie like this to get their money from. But these events may have an effect on the budget that they may be able to use for TF3.First-Aid wrote:So, the current economic climate may kill TF 3?
Re: Resurrected Dreamworks Studio Not On Top Yet (867233)
Posted by Psychout on January 15th, 2009 @ 10:21am CST
Posted by Psychout on January 15th, 2009 @ 10:21am CST
It means 'watch movie 2 or movie 3 wont happen'.
There will be loads of headlines saying stuff like this over the next few weeks.
If they stop making crappy Shrek movies every 2 years and concentrated on some original stuff, people wont get bored of them and they'll recover just fine.
There will be loads of headlines saying stuff like this over the next few weeks.
If they stop making crappy Shrek movies every 2 years and concentrated on some original stuff, people wont get bored of them and they'll recover just fine.
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