Steven Spielberg‘s Dreamworks is not renewing Disney contract and may move to Universal. Walt Disney Studios Motion Pictures has grown to become one of the top movie studios in the world. With highly anticipated animated features coming from Walt Disney Animation Studios and Pixar, big-name comic book movies from Marvel and Star Wars films from LucasFilms, Disney has established a successful strategy and track-record of bringing highly profitable and high quality films to market.
DreamWorks (not to be mistaken with Jeffery Katzenberg’s animation studio) will not be renewing its distribution deal with the Walt Disney Studios Motion Pictures. The final films that Disney will distribute for DreamWorks will be Bridge of Spies, starring Tom Hanks with an October 16 release, and The BFG, set to be out July 1st of next year. The distribution contract will end in August 2016.
The business relationship between Disney and DreamWorks started back in 2009. Since then, as Disney released some of the biggest hits in recent years like Tim Burton’s Alice in Wonderland and Frozen while acquiring major companies like Lucasfilms and Marvel Studios, the more adult-oriented and smaller films DreamWorks had felt out of place. If this were a relationship, the two broke up because of the old saying, “It’s not you, it’s me.”
Variety reports that there are rumors that Steven Spielberg might move to Universal Pictures with his company, since he was the executive producer of the recent blockbuster Jurassic World, but there is no official word yet if that will be Spielberg’s next move for his production company.
There are other possibilities that Spielberg could go with. He could join Warner Bros., since he is directing Ready Player One for them (with a late 2017 release). Another option could be Paramount Pictures since DreamWorks is handling the international distribution of the 2017 live-action adaptation of Ghost in the Shell.
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