Dreamworks deal with Paramount

Here are some finer points of the Dreamworks deal with Paramount.

http://www.trektoday.com/news/111205_03.shtml

Comment: ((Paramount chairman Brad Grey would gain control of DreamWorks' live-action movie production facilities and its previously produced films, including Academy Award winners Gladiator and American Beauty. Paramount would also gain distribution rights to DreamWorks Animation films, but not to the film profits themselves, since Jeffrey Katzenberg-headed Dreamworks Animation became independent last year and would not be included in the purchase.

Grey, who is trying to revitalize Paramount, and Viacom CEO Tom Freston met with Spielberg and Dreamworks partner David Geffen to work out the deal. Paramount will own half of every film directed by multi-Oscar winning director-producer Spielberg, one of Hollywood's most successful filmmakers. Paramount and Dreamworks were partners on Spielberg's science fiction thriller War of the Worlds and his acclaimed Saving Private Ryan. Dreamworks and Paramount have a number of other joint projects in the works already including a live-action version of The Transformers. ))

Granted that Steven Spielberg has worked and made hits with the Paramount studio in the past, I don’t like the fact Paramount will own half of the studio