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DreamWorks delays its loan pitch


October 08, 2008 Representatives of the new DreamWorks film studio will delay pitching Wall Street on a bank loan package for about one month to give the banking market time to stabilize. The good news is that DW principals Steven Spielberg and Stacey Snider are confident that their new partners at Reliance Big Entertainment can provide all the capital necessary to get the new company up and running until the bank financing is secured. RBE has agreed to provide DW at least $550 million in exchange for a 50% equity stake in the newly liberated production company, recently separated from Paramount with several development projects in tow.

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