Paramount to drop Spielberg?
It seems unimaginable that any studio would want to lose Steven Spielberg from their books, and even more so that they wouldn't really care about it, but that seems to be the feeling over at Paramount according to reports.
Paramount Pictures seems to be preparing for Steven Spielberg to leave the studio when his contract expires next year and an executive from the company says that the move is immaterial.
Media rumours have been circulating that Spielberg is unhappy at the studio which bought DreamWorks in 2005 and secured Spielberg and David Geffen from the company until 2008.
Although the company haven't said he is leaving, Viacom Chief Executive has been talking to the investors to allay fears they might have of him going at the end of the year. The quote through Reuters has him saying:
“Steven and his team have the right to leave if they choose at the end of next year...We're planning for that...
...The financial impact to Paramount first and especially to Viacom overall would be completely immaterial in the event somebody shows up to help them (Spielberg and Geffen) start a studio from scratch.”
Wow, I don't know about you but that last section sounds really cutting and quite harsh. It sounds like even if they didn't plan on exiting they might want to start thinking about it now.
Would it be such a big loss if they left? Well the audience really wouldn't mind because I can't see Spielberg not making films either as Producer or Director. He'll start up something new or join someone else and we'll see a lot of great projects to come, perhaps not through the Paramount label.
The question for them though is can they really do without him.