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Paramount preps for possible Spielberg exit

Paramount Pictures is preparing for the possibility that director Steven Spielberg could leave the studio when his contract expires next year, calling the impact "immaterial," a top executive said on Tuesday.

In recent months, media reports have speculated that Oscar winner Spielberg, whose movies range from "Jaws" to the more recent "War of the Worlds," has been unhappy at Paramount after the company bought the DreamWorks movie studio that he co-founded in 1994 with David Geffen and Jeffrey Katzenberg.

A departure is seen as hurting Paramount, whose recent blockbusters "Transformers" and "Blades of Glory" stemmed from DreamWorks. "Transformers," which Spielberg produced, has generated nearly $700 million at global box offices.

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BlackIceJoe3412d ago

Wow this would be a big loss for Paramount. Spielberg has made some of the best movies out there. I wonder what studio He would go to next or does He want to retire and just be with his Family. As of right now His next big movie will be Indiana Jones and the Kingdom of the Crystal Skulls. So Spielberg will have to be on to finish that project.

Another thing I wonder about if it could be the HD/Blu Ray issue. Spielberg has said in the past He wants people to be able to watch the movie they want on the format they want. So seeing as Paramount is now exclusive to HD-DVD I wonder if it has any thing to do with this.

If this all turns out to be true I wish Spielberg the best of luck in His new venture

ktchong3412d ago

His last movie, Munich, is Universal.

Skynetone3412d ago

he really is a step-up from the rest

leinadem23412d ago (Edited 3412d ago )

what was the last great movie of spielberg ?; "War of the World" was crap,and it was in 2005. "Munich" was a disaster. Maybe Paramount wants him out imagine the amount of money that he is getting per year from paramount and for what. In transformers he was not really involve
transformer Producers:Ian Bryce,Lorenzo di Bonaventura,Steven Spielberg

Charlie26883412d ago

"Paramount preps for possible Spielberg exit...plays Linking Park´s What I've Done"

:P

jackdoe3412d ago

Err... what does this have to do with the gaming industry? There isn't even any blu-ray or hd-dvd implications...

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