Spielberg's Dreamworks -- So Long Universal, Hello Disney 

Variety is reporting that Universal Pictures "abruptly severed its ties with Dreamworks" upon knowing that the company was secretly negotiating with Disney as well!


The long and short of it, Dreamworks wants more money, fearing that they'll need more financial backing for future projects.

But the studio balked at DreamWorks' demands to reduce the distribution fee below 8%.

So here comes the drama part!

What Universal didn't know is that DreamWorks was also engaged in negotiations with Disney to replace Universal as its studio partner moving forward.

Dreamworks is despicable and deplorable?

Instead, Universal was blindsided and privately called DreamWorks' behavior "despicable and deplorable." Publicly, the studio released a statement that said it "has ended discussions with DreamWorks for a distribution agreement. Over the past several weeks DreamWorks has demanded material changes to previously agreed upon terms. It is clear that DreamWorks' needs and Universal's business interests are no longer in alignment. We wish them luck in their pursuit of funding and distribution of their future endeavors."

And now, Dreamworks is close to signing a deal with Disney. Isn't it funny? Once upon a time, in a Dreamworks' movie called "Shrek," they made fun of Disney and its then boss Michael Eisner.

Now, as the world turns, Dreamworks is going to swallow its pride and embrace Disney.

The studio is hoping to cut a deal with Disney in the next 48 hours. Tic Toc Tic Toc.

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