Steven Spielberg
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Spielberg Steven Steven Spielberg
The combination of Sumner M. Redstone of Viacom, Brad Grey of Paramount and the triumvirate of David Geffen, Steven Spielberg and Jeffrey Katzenberg at DreamWorks made it look like that the company should be renamed as DreamTeam. As part of the agreement, Mr. Spielberg and Mr. Geffen have promised to produce four to six films a year for the next three years. If you do the math and assume that the distribution rights are worth $200 million, which is a very high estimate, Paramount is paying the almost of about $27 million a film, if Mr. Spielberg and Mr. Geffen were to make six a year and DreamWorks' library is sold for $900 million. The combination of Sumner M. Redstone of Viacom, Brad Grey of Paramount, and the triumvirate of David Geffen, Steven Spielberg, and Jeffrey Katzenberg at DreamWorks made it seem as if the company should be renamed DreamTeam. As part of the agreement, Mr. Spielberg and Mr. Geffen have promised to produce four to six films a year. Paramount is paying the equivalent of about $27 million a film if Mr. Spielberg and Mr. Geffen were to make six a year and DreamWorks' library is sold for $900 million.  When the deal was announced, Mr. Geffen was asked if he and Mr. Spielberg would move their offices from Universal Studios in the San Fernando Valley to Paramount's lot in Hollywood.