Spielberg/Dreamworks For Dummies

Published: June 11, 2008, 3:44 am

Tags: universal, paramount pictures, dreamworks, david geffen, jeffrey katzenberg, steven spielberg

Here is a rundown of all the essential information that you should know about the Spielberg/DreamWorks situation, and the current developments by Steven to raise a billion dollars for independence: In 1994, Steven Spielberg founded DreamWorks with Jeffrey Katzenberg, and David Geffen (forming the SKG present on the bottom of the DreamWorks logo) and a $500 million investment from Microsoft co-founder Paul Allen. Over the next fourteen years, Spielberg directed eight films under his new studio (Amistad-Munich), a streak that ended in May 2008 with Indiana Jones and the Kingdom of the Crystal Skull. DreamWorks won three consecutive best picture Academy Awards starting in 1999 with American Beauty (followed by Gladiator and A Beautiful Mind). Despite critical acclaim and a bevy of award winning films, DreamWorks came close to bankruptcy twice, primarily due to the failure of two large budget films: Sinbad: Legend of the Seven Seas and The Island. Spielberg wanted to sell DreamWorks to

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