Magazine article Variety

Amblin Gets Boost from Spielberg

Magazine article Variety

Amblin Gets Boost from Spielberg

Article excerpt

It took Steven Spielberg roughly 18 months to pull together the pieces for the new Amblin Partners, born out of the ashes of DreamWorks - a telling example of the tight finances gripping Hollywood. But Spielberg is reaffirming his commitment to the new venture by putting $50 million of his own coin into the new multimedia company.

While the amount is dwarfed by Participant Media's $200 million investment, it represents the only time the director has ponied up his own funds since DreamWorks was launched in 1994 with roughly $100 million in seed money - $33 million apiece from Spielberg, Jeffrey Katzenberg and David Geffen.

Reliance Group of India, the previous equity partner for live-action DreamWorks (now essentially defunct as a studio, but living on as one of Amblin's film labels) was pleased enough with the new combination to continue its 7-yearold relationship with Spielberg, one that many in Hollywood believed had run out of gas. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.