Friday, June 09, 2006

Spielberg Wanted to Cry Over DreamWorks Lot

Director Steven Spielberg said he may make lower-budgeted 'specialty' films at DreamWorks now that it's owned by Paramount.

Spielberg spoke during an interview for the 100th episode of AMC's "Sunday Morning Shootout", hosted by Daily Variety editor-in-chief Peter Bart and producer Peter "Batman" Guber.

Spielberg said that DreamWorks-produced specialty pics will be distributed by a new label called 'Paramount Vantage'.

"Paramount gave us everything we wanted and more, and it turned out to be good for DreamWorks," he said.

"Gail Berman is running Paramount Pictures, and that's separate from DreamWorks Pictures...Stacey Snider is running DreamWorks Pictures."

Paramount paid $1.6 billion and recently closed a deal valued at $900 million to sell the DreamWorks film library to an investor group.

Among Spielberg's biggest regrets after DreamWorks launched in 1994 was not following through on a plan to build his own full-fledged lot with soundstages, commissary and post-production facilities.

"I wanted to cry. It was so, so sad when that part of it didn't come into play," he said.

"I really wanted -- more than Jeffrey, more than David -- I was pushing to have a homeland..."