DreamWorks SKG says it has broken off discussions to sell iself to GE's NBC Universal and said that it would now explore replacing the company as the international distributor of its films.
The deal, that many in the film industry had assumed would complete, apparently broke down because NBC Universal tried to reduce the studio's asking price of $1bn by $200M. Plus, it seems that Spielberg didn't like losing autonomy and creative control under the terms of the agreement.
The fact that the last couple of releases by DreamWorks, such as The Island have been flops will not have helped. Even though DreamWorks is keeping their chin up, this must call into question the future of the studio. Let's see, but this is clearly worse for DreamWorks than it is for NBC Universal.
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