Universal Takes Minority Stake In Amblin

Universal Filmed Entertainment is reportedly taking a minority stake in Steven Spielberg’s Amblin Partners company.

The two studios have a longstanding relationship and began working together again in December 2015 as part of a multiyear deal for Universal to market and distribute Amblin films domestically and in select international territories.

The first films released by Universal under the new pact was “The Girl on the Train” and “A Dog’s Purpose”. As part of the deal, said to be valued at between $40-60 million, Universal Filmed Entertainment chairman Jeff Shell will join the board of Amblin.

Source: THR