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Report: DreamWorks Gets Fewer Bucks In Reliance Renewal (Deadline Hollywood)

The New York Times reports that after a long negotiation, DreamWorks is re-
upping with India-based Reliance-though with a plan to streamline its
production pace down to three to five movies per year. Neither the renewal nor
the tightening of purse strings are a surprise as it was widely expected since
before the Oscars that both things would happen. The second phase of
Reliance's investment was originally supposed to be less than the original
$325 million, but the fact that it's now about to happen means a lot toward
getting another buyer back in the game at a time of contraction with Lionsgate
and Summit merging. DreamWorks partners Steven Spielberg and Stacey Snider
have been unable to move forward with production starts while awaiting word
from their India-based partners, or even buy much new material as they awaited
the decision from Reliance. The staff has continued to develop properties they
had already acquired, and Spielberg has been plenty busy anyway, directing the
biopic _Lincoln_ with Daniel Day-Lewis. That film had financing partners
beyond Reliance, as Fox and Participant Media are also in the mix. Reliance
came to Hollywood like gangbusters several years ago, not only ...

Deadline Hollywood