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View Full Version : Disney Signs Deal To Distribute Dreamworks Movies


mmouse37
02-10-2009, 12:22 PM
Sorry if this was already posted but I did not see it on here yet. Here is the article.

Disney is in and GE is out, with DreamWorks
Commentary: Musical chairs underscores a frenzy in media world

By MarketWatch
Last update: 4:32 p.m. EST Feb. 9, 2009
Comments: 12
NEW YORK (MarketWatch) - What does Walt Disney see in DreamWorks that escaped General Electric Co.?
On Monday, Disney announced a movie-distribution deal with DreamWorks, Steven Spielberg's company, only three days after GE, which owns Universal Pictures and the NBC television network, abandoned it. Disney is the parent of ABC and ESPN. See main story.
The activity underscores the commitment to cutting costs at GE, which has enlisted layoffs at some of its divisions. The company has also faced angry shareholders lately and is scrambling to make them happy.

These days, the movie business is in a frenzy, fueled by nervousness about the fear that the global recession will continue for some time. While some pundits speculate movies should do well in a recession -- because the cost of seeing one in a theater or using Netflix is much cheaper than, say, going to a ball game or the theater -- film companies would prefer to sell their wares in a robust economy, just the same.

Disney will distribute six movies a year for DreamWorks, the companies said. The Wall Street Journal said Disney also will arrange financing in a loan or line of credit of at least $150 million and receive a distribution fee of at least 8% from DreamWorks in return. DreamWorks also will have access to programs on Starz Entertainment, the cable channel that pays for rights to air many Disney films a year.

All is not lost, though, in Hollywood. You know what?

All of this wheeling and dealing would make one heck of an engrossing movie.

-- Jon Friedman

I wonder if this mean in the future they will play Dreamworks movies onboard the ships...it would really open up a variety of new movies to play.

MJ

loveysbydesign
02-10-2009, 01:06 PM
Interesting.

disneyfaninaz
02-10-2009, 01:32 PM
If you can't beat em, buy em!

EDH Family
02-10-2009, 05:48 PM
The basic plan is for Disney to distribute and promote about six live action films a year for them. This is not to be confused with Dreamworks Animation which was spun off into itís own company back in 2004 and I believe still has a distribution deal with Paramount.