Fox News - Fair & Balanced

David Geffen

Report: Steven Spielberg, David Geffen May Split From Paramount

Steven Spielberg and David Geffen may announce as soon as this week a deal with Reliance ADA Group to set up a new studio and split from Paramount Pictures, sources familiar with the deal told Reuters on Sunday.However, the DreamWorks team has not ruled out Paramount as their distributor, the sources told Reuters.The impending union between Mumbai-based Reliance and Spielberg's DreamWorks team caps two years of speculation and feuding between Spielberg, his DreamWorks co-founder Geffen and the brass of Viacom Inc's Paramount since the sale of DreamWorks to Viacom for $1.6 billion in 2006.Under the deal, first reported in June but now on the verge of completion, Mumbai-based Reliance would invest about $500 million in equity. J.P. Morgan Chase & Co has offered to provide debt to DreamWorks, which had sought an additional $500 million in financing, a source close to the deal told Reuters.Click here for the Reuters report....

Read More

  1. Hillary Clinton, Obama in Hot Exchange Over Hollywood Heavyweight's Comments

    The war of words between leading 2008 Democratic presidential hopefuls Hillary Clinton and Barack Obama spread Wednesday night, after the campaigns had earlier excha...

  2. Hard Ball Hillary is In to Win

    News Flash: Hillary Clinton is playing hardball. She’s ambitious, she’s tough, and she really is in this to win.Whether she succeeds will ultimately depend on real v...

  3. Mag: Jacko Put Voodoo Hex on Spielberg, Geffen

    Just when you thought Wacko Jacko could not get any more bizarre, a new report says Michael Jackson hired an African voodoo chief to put a death curse on Steven Spie...

  4. Size does matter in the battle of the mega yachts

    Mansions, fancy cars, and private jets have always been must have status symbols for the super rich. Now you can add mega yachts to that list. And for their elite ow...

  5. ‘Futile treatment' common in ICUs, study finds

    More than one in 10 patients being treated in intensive care units (ICUs) was at some point receiving what doctors deemed to be futile care, in a new study.In those ...

  6. Mason on the Zimmerman Trial

    CBS’ Anthony Mason weighs in on the George Zimmerman trial.

  7. Emirati royals dethrone Abramovich in race for biggest mega-yacht

    The Emirati royal family has dethroned Russian billionaire Roman Abramovich in the race to own the world's biggest mega-yacht, Yachts France magazine has reported.Th...

  8. Source: DreamWorks could have saved U.S. jobs if they made 'Kung Fu Panda 3' in U.S., not in China

    Could the 'Kung Fu Panda" studio's big play in China mean some American workers get the karate chop?The Hollywood Reporter reported last week that DreamWorks Animati...

  9. Disabled man gets $8,000 after being stuck on Disney's 'Small World' ride for hours

    An attorney says a disabled man was awarded $8,000 by Disneyland after the "It's A Small World" ride broke down, stranding him for a half hour while the theme song p...

  10. Zit-Zapping Virus May Wipe Out Acne

    The cure to your acne problem might be right under your nose … or, in fact, on any part of your face. Scientists have found that common, benign viruses living on you...

  11. Why whooping cough is back

    The number of whooping cough cases in the U.S. this year is on track to be the highest in 50 years, although one researcher says the main reason behind the disease's...

  12. Zit-zapping virus may wipe out acne

    The cure to your acne problem might be right under your nose … or, in fact, on any part of your face. Scientists have found that common, benign viruses living on you...

  1. Silicon Valley billionaire buys record life policy

    An unnamed Silicon Valley billionaire has purchased the world's most valuable life insurance policy.The man who cobbled the deal together said Saturday that it took ...

  2. Why Some Folks are Rich, Others Poor in Retirement

    If life were a race to accumulate assets and savings, the winners would be crowned in retirement. With a lifetime to stockpile resources, some seniors' wealth outshi...

  3. Moving out of poverty affects mental health of boys, girls differently

    Moving out of impoverished neighborhoods has different effects on the mental health of boys compared to girls, and those repercussions need to be better understood b...

  4. Smoking may change structure of teens' brains

    Young smokers who have smoked more cigarettes have clear differences in their brains compared to lighter smokers, according to a new study."Earlier studies of older ...

  5. Should you try these fad diets?

    They purport to be the secret to better health, increased energy, and a smaller pant size. But which of the latest crazes deserves a place at your table? Here’s some...

  6. Hollywood prepares to shower Hillary Clinton with support

    It may be at least a year before Hillary Clinton announces if she will run for president in 2016, but in the next few weeks, her presence in Los Angeles and Hollywoo...

  7. Researchers use ‘biological clock’ to measure age of human tissue

    Researchers have discovered a way to accurately analyze a person’s ‘biological clock,’ allowing them to determine the true age of different types of human tissue and...

‹ Prev12345Next ›