David_Geffen - DreamWorks kills studio plan

DreamWorks kills studio plan

LAP99070301 - 03 July 1999 - LOS ANGELES, CALIFORNIA, USA: Citing financing problems, DreamWorks SKG scrapped its proposed $250 million studio lot at Playa Vista on Thursday, ending a nearly 4-year-old effort to build what would have been Hollyood's first major studio since the Great Depression. Pictured left to right are the studio's founders, longtime Hollywood executive Jeffrey Katzenberg, diector Steven Spielberg and entertainment mogul David Geffen after announcing in 1992 the formation of their partnership. Spielberg was epecially enthralled with the idea of building a modern studio lot unlike the early Hollywood lots that he likened to Detroit's auto factories. Geffen was against it from the start and Katzenberg was ambivalent. jr/Jim Ruymen UPI


UPI Related News
UPI Almanac for Saturday, Feb. 21, 2009.
DreamWorks eyeing deal with Disney
LOS ANGELES, Feb. 6 (UPI) -- Hollywood's Universal Pictures says a distribution pact with Steven Spielberg and David Geffen's DreamWorks production company is no longer likely.
Paramount, Dreamworks finalize split
HOLLYWOOD, Oct. 6 (UPI) -- Hollywood's Paramount Pictures and DreamWorks principals have announced their separation has been finalized.
LOS ANGELES, Sept. 21 (UPI) -- Paramount Pictures says Steven Spielberg's ties to the Hollywood studio are cut as the famed director has signed a new deal with an Indian film group.
LOS ANGELES, Sept. 20 (UPI) -- Universal Pictures officials say the U.S. studio will not create an animated movie version of the Belgian comic strip "Tintin" because of cost concerns.
CEDAR FALLS, Iowa, Aug. 8 (UPI) -- A University of Iowa regent's plan to sell a painting by Jackson Pollock has sparked an outcry among critics of the plan.
Tai chi chih may help elderly sleep
LOS ANGELES, June 23 (UPI) -- Practicing tai chi chih, the Westernized version of a 2,000-year-old Chinese martial art, promotes sleep quality in older adults, U.S. researchers say.
LOS ANGELES, June 12 (UPI) -- Brain imaging scans show sleep apnea patients have brain tissue loss in areas that help store memory, U.S. researchers said.
LOS ANGELES, March 6 (UPI) -- A chemical in broccoli switches on a set of antioxidant genes and enzymes to boost immunity and fight oxidative stress that causes aging, a U.S. study said.
LOS ANGELES, Feb. 29 (UPI) -- Pomegranate juice tested higher in overall phenolic content and antioxidant activity than red wine, Concord grape, blueberry and orange juices, a study found.
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