Newly formed company Amblin Partners co-produces Steven Spielberg’s film adaptation of Ernest Cline’s novel Ready Player One with Warner Bros.
Spielberg returns to Universal Pictures – where his professional career began in 1969. Universal signs a five-year deal to market and distribute films produced by Amblin Partners.
The LA Times reports Amblin Partners has more than $300 million in financing lined up and is expected to produce four to seven films a year.
Amblin Partners – a film, television and digital content creation company – is formed by DreamWorks Studios, Participant Media, Reliance Entertainment and Entertainment One.
For the first time since the foundation of DreamWorks in 1994, Spielberg decides to invest some of his own money: $50 million.
According to the company’s press release, Amblin Partners “develops and produces films using the Amblin, DreamWorks
Pictures and Participant banners and includes Amblin Television, a
longtime leader in quality programming.”
The company will release family friendly movies with the Amblin brand, adult fare under the DreamWorks label and films with a social-justice element under the Participant label.
Upcoming film projects include: Steven Spielberg’s The BFG, Derek Cianfrance’s The Light Between Oceans, Tate Taylor’s The Girl on the Train, and Lasse Hallström’s A Dog’s
Steven Spielberg returns to Universal Pictures