Universal Drops DreamWorks
Universal has released a statement which effectively ends their deal to distribute Dreamworks’ films.
From Universal Pictures spokesperson Cindy Gardner:
Universal Pictures has ended discussions with DreamWorks for a distribution agreement. Over the past several weeks, DreamWorks has demanded material changes to previously agreed-upon terms. It is clear that DreamWorks’ needs and Universal’s business interests are no longer in alignment. We wish them luck in their pursuit of funding and distribution of their future endeavors.
Full story at USAToday.com.