Last week, things looked kinda crappy for
Steven Speilberg when Universal
walked out on a distribution deal with his Dreamworks studio.
But, things have worked out for the mogul!
On Monday, Disney said in a statement that it has
agreed to distribute and market about six Dreamworks live-action films per year.
The
Wall Street Journal reports that Disney would receive a distribution fee of at least 8 percent of the DreamWorks films box-office grosses.
It's also assumed that Disney's going to provide a loan or line of credit of up to $150 million to DreamWorks as part of the deal.
Wow, where'd the Mouse find money? They just did a round of
lay offs!
But, because of this new deal, there's good news for film industry job seekers!
A Disney suit said they're going to do some hiring to 'service' the Dreamworks deal.
"We will sit down and be putting together where we need to add personnel," said the exec.
Polish those resumes up!
