If reports are to be believed, things are not moving as smoothly between DreamWorks studio and its acquirer Paramount as earlier perceived, and that the association of the two units may end in a split.
Washington, July 23 : If reports are to be believed, things are not moving as smoothly between DreamWorks studio and its acquirer Paramount as earlier perceived, and that the association of the two units may end in a split.
Although the transactions between the two firms have often been regarded as major deal-making, insiders reckon that Steven Spielberg and his DreamWorks SKG studio's co-founder David Geffen might walk away from Paramount in fifteen months if the prevailing disagreements were not solved.
Should a split occur between the two firms, Spielberg and Geffen will lose ownership of their negatives, development deals and all of their staff.
According to sources, both Spielberg and Geffen feel that Viacom chairman Sumner Redstone has cold-shouldered them, thus aggravating earlier perceived snubs and credit grabs by the studio.
However, Geffen denied that DreamWorks and Paramount were seeing any differences on Friday.
"Steven and I are very happy with the performance of Paramount's marketing and distribution teams in handling our films," Variety magazine quoted him as saying on the phone from his yacht.
He also hailed Rob Moore and Jim Tharp, among others, for their contribution to the success of several DreamWorks-Paramount releases like 'Transformers' and 'Disturbia'.
DreamWorks sources, however, maintain that Paramount's Chairman-CEO Brad Grey was making his best efforts to heal the tensions between the two entities.
ANI
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