Please, forgive me for the delay. I was so caught up with the Chris Brown story which, by the way, gets more interesting everyday.
Big news! Disney has agreed to team with DreamWorks to release six of its films, annually, starting next year. DreamWorks will pay Disney a fixed distribution fee of 9% (way under the industry average of 15%) of the box office and in return will receive much needed funding in the amount of about $250 million. The deal is set to last for 30 films and even includes a profitable pay TV slot. The deal was expected after Universal baled last Friday. DreamWorks execs can now breathe easy and focus on the development of the 17 projects brought over after breaking ties with Paramount.
Spielberg's DreamWorks is now privately operated again and the great news is, Disney will be hiring again after a recent round of layoffs. However, some are speculative of Disney's commitment to Miramax, which releases about four to six films annually. I say Disney is the real winner in all of this. It has a real knack of making the right deals (like Pixar) at the most appropriate times. DreamWorks will fulfill Disney's needs to release more films beautifully, especially with projects like "Motorcade," "The 39 Clues," and "The Trial of the Chicago 7" coming up.
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