Steven Spielberg recently announced a partnership with an entertainment conglomerate in India, a move that would give the famous director the creative freedom (and necessary cash) to entice DreamWorks team away from Paramount Pictures later this year. It seems that Hollywood could not entice Spielberg to stay
According to the New York Times:
Late last month, DreamWorks, the boutique movie studio that Mr. Spielberg co-founded in 1994, let it be known that it had found a way to exit its unhappy three-year marriage with Paramount Pictures. Reliance ADA Group, a Mumbai conglomerate, was nearing a deal to give the dream workers $550 million to form a new movie company.Perhaps this is just further indicia of globalization- like Sony's $4.8 billion takeover of MGM a few years ago.
But there was still an element of shock: Hollywood could not come up with a rich enough deal for Mr. Spielberg, the most bankable director in the business and a “national treasure”? ...
For that matter, there wasn’t anybody on Wall Street willing to write a blank check for the guy with “Jaws” and “Jurassic Park” on his résumé?
Hollywood’s seeming inability to close a deal with Mr. Spielberg highlights the shift toward a more corporate, buttoned-down movie business. Just a few years ago, bragging rights often drove business decisions. Steven Spielberg is available? Back up the money truck. We want that jewel in our crown no matter what the cost. And studio bosses could justify such ego-driven loss leaders: In the entertainment business, talent draws talent.
Will we see Jurassic dinosaurs doing epic song-and-dance routines? Will there be 24/7 live scripted support now?
But more germane to us, what does this trend mean to the Hollywood composer? Will we see those jobs outsourced?