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DreamWorks, Universal strike deal


October 13, 2008 DreamWorks, headed by Spielberg and Stacey Snider, has struck a much-anticipated deal for theatrical distribution with Universal Studios in a seven-year agreement encompassing as many as six releases a year. Terms call for DreamWorks to pay Universal an 8% distribution fee, with Uni advancing the marketing costs of the films. Spielberg and Snider recently bolted Paramount to reconstitute DreamWorks as a private, separate production company.

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