Oscar-winning director Steven Spielberg will reportedly part ways with Disney after the release of next summer’s “The BFG”.
Source told The Hollywood Reporter that “The BFG”, based on the Roald Dahl book, date to release on July 1, 2016, will be the last released under the DreamWorks’ – Disney deal.
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The cooperation between the two filmmakers began in 2009 and present agreement with Disney expires in August 2016.
The director of hits such as Jaws, E.T., Saving Private Ryan and Jurassic Park and is in negotiations to move his DreamWorks company to Universal Studios. Spielberg has maintained his offices there and DreamWorks distributed its films through Paramount and then Disney.
A Universal source said, “the studio would welcome the chance to be DreamWorks’ distribution partner” but any deal is premature.
According to FT DreamWorks’ deal with Disney covered 30 films, or up to six films a year. Disney received a 10 per cent fee for each DreamWorks film it distributed and marketed and also provided some loan funding to the production company. Only 11 films have been released under its 30-picture deal.
Spielberg’s talks with Universal were first reported by The Hollywood Reporter.
