Filed under: Deals, General Electric (GE), Walt Disney (DIS), Viacom (VIA), News Corp’B’ (NWS), Film
Since General Electric (NYSE: GE) is reeling from the financial crisis that’s currently gripping Wall Street, there’s no doubt that a little Hollywood magic might be in order, something to take its corporate mind off reality for at least a little while.
Well, according to The Hollywood Reporter, that might happen. Steven Spielberg needs to move his DreamWorks company over to a new studio, and it looks like NBC Universal is at the front of the pack in the race to secure his business.
The pairing of Spielberg and Universal would be logically sound. He certainly had a superior time over at that lot than he did at Viacom’s (NYSE: VIA) Paramount. There’s, however, one other studio that is in the running. The article seems to imply that Disney (NYSE: DIS) has a shot with Spielberg as well, although the way I read it, the Mouse is a distant second in the contest. Disney wouldn’t be a good fit. As much as CEO Bob Iger would love to hold meetings with the most famous director in Hollywood (and the world, for that matter), a DreamWorks distribution deal just doesn’t make sense since the company is really into getting a lot of bang for its capital buck.
Continue reading Will GE win the Spielberg race?
Read | Permalink | Email this | Comments
Entries (RSS)