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DreamWorks Studios is negotiating to partner with billionaire e-Bay co-founder Jeff Skoll’s Participant Media, The Hollywood Reporter has exclusively reported. The deal, it is said, will bring the studios a much needed infusion of capital.
It has been a rocky ride for Hollywood’s youngest studio since the three high powered producers, Steven Spielberg, Jeffrey Katzenberg and David Geffen, joined forces 20 years ago to create it.
Its sister company, DreamWorks Animation, which Katzenberg runs, has been having financial difficulties for a few years now. These men may know how to make great movies, TV shows and record albums, but that does not necessarily translate into corporate gold.
THR reports that the deal will see an infusion of as much as $200 million of new capital into the studios. The funds are needed as India’s Reliance Entertainment, which has previously invested in DreamWorks, is said to not be interested in continuing to do so.
