Universal Pictures invests in Spielberg's film company Amblin Partners

Universal Pictures invested in Spielberg's film company Amblin Partners and purchased a small stake in Amblin Partners. According to The Hollywood Reporter, Universal Pictures 'investment amounts to between $40 million and $60 million.

Original title: Universal Pictures invests in Spielberg's film company, and its relationship with the big director has taken another step forward.

Universal Pictures 'already good relationship with Steven Spielberg has taken another step forward.

Universal Pictures invested in Spielberg's film company Amblin Partners and purchased a small stake in Amblin Partners. According to The Hollywood Reporter, Universal Pictures 'investment amounts to between $40 million and $60 million.

According to Global, Spielberg's talents and Amblin Partners films are attractive to domestic and overseas markets and are Global's most valued resources. Moreover, Universal is Spielberg's old employer, and the two sides have deep connections.

Spielberg served as a producer on Universal's film "Jurassic World", which ultimately grossed $1.6 billion at the box office. It was recently announced that "Jurassic World 2" has started filming in London. Spielberg will continue to play the role of executive producer. Given the success of the first film, Universal has high expectations for this sequel. Universal's stake in Amblin Partners at this time is also an easy-to-understand move from a time point of view.

In addition, Universal and Amblin Partners signed a multi-year agreement in December 2015. Universal will be responsible for the distribution of Amblin Partners films in the United States and in some overseas markets after the distribution agreement between Amblin Partners and Disney expires in 2016.

"Girl on a Train" is the first film from Amblin Partners for global distribution and grossed more than $170 million at the box office worldwide. Spielberg himself served as executive producer. However, the other film in which the two sides cooperated in this way,"A Dog's Mission", which is still showing in North America, did not perform so strongly. (Previous controversial videos about the filming process may have damaged box office performance.)

In December 2015, Spielberg announced the formation of Amblin Partners in partnership with Participant Media (Focus, Lincoln, Bridge of Spies), Reliance Entertainment (a part of the Indian consortium Reliance Group) and Entertainment One to produce film, television and digital entertainment products.

Alibaba Pictures acquired part of Amblin Partners in 2016. Alibaba Pictures participates in Amblin Partners 'film projects in the form of co-investment, and will also become Amblin Partners' film marketing, distribution and derivatives partner in China, sharing their China box office. The cooperation plan between the two sides also includes "co-filming".

In recent years, Universal has shown considerable ambitions in film and television, and has continued to expand. Last year, NBC Universal, the parent company of Universal Pictures, acquired DreamWorks Animation for $3.8 billion, which is also seen as a preparation to challenge Disney in animation.

Editor: yvette