Steven Spielberg and his illustrious business mate - David Geffen - have parted ways with Paramount Studios.
Not content to sit idle though, the duo sprang into action and formed a new filmmaking alliance with financial partners overseas in India (Reliance ADA Group).
Allegedly, Reliance will invest a staggering $550 million smackeroos in equity in exchange for a half-stake in DREAMWORKS (Independent).
To buttress the bold new enterprise, the two golden boys intend to borrow an additional $70 million, from Chase & Co.
Ah, chased, but not chaste!
The whole lofty whirlwind gives me cause to ponder, though.
Do these mavericks ever put any of their own moolah into the kitty?
Well, you know the "old boys" way of thinking in such heady matters.
When it comes to financing, always get your hands on some other dude's money!
Dirty, old, new - whatever!
But, there is a call out for a distributor for the new film entity.
Any takers?
Let's take a meeting, shall we gents?
Nah, too rich for me!
After all, I bet pennies on the slots in Vegas.
When I lose a sawbuck, I cut my losses and head for the jacuzzi!
Cause for celebration at Dreamworks...
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