Spielberg's Latest Cliffhanger: Financing
As Steven Spielberg is finding, even the world's most famous (and profitable) director can't seem to get a break from the sluggish credit markets. In September, it seemed that Spielberg and top lieutenant Stacey Snider, who ended their relationship with Viacom's (VIAB) Paramount Pictures, were set to start a reconstituted Dreamworks studio with India's giant telecommunications and media company Reliance Anil Dhirubhai Ambani Group in what their press release described as a $1.5 billion deal. Now that deal—at least at the outset—will probably be valued at only about $650 million because of recurring problems the two companies have been having putting together bank financing.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- This $14 Million Atlanta Home With Bunker Is ‘Safest in America’
- These Cities Make NYC Housing Look Dirt Cheap
- GE's New CEO Vows Sweeping Change After ‘Unacceptable’ Report
- Separatists Pledge to Fight On After Spain Moves to Oust Catalan Leaders
- Greenwich Mansion Listings Pulled to Wait for a Better Day