Steven Spielberg is returning to the studio that made him the most famous director in the movie business, Variety reports.
“Universal Pictures and Amblin Partners, a new company announced today by DreamWorks Studios, Participant Media, Reliance Entertainment and Entertainment One (eOne), will enter into a multi-year partnership in which Universal will market and distribute films its produces domestically and in select international territories,” the publication reports.
The companies did not reveal details about the extent of their investment.
Variety notes that the DreamWorks brand is not being retired, with films to continue to be released under the banner.
“The name change was undertaken to signal the company’s move into a wider range of genres beyond the prestige films it is most commonly associated with making,” Variety notes.
We encourage readers to click on the link near the top of this story to go to the Variety story for additional details about the new arrangement.