Well, this is big news:

“Steven Spielberg aims to raise more than $1 billion in third-party financing to reinvent DreamWorks as a separate company that once again owns the movies it makes.”

Co-founders Steven Spielberg, Jeffrey Katzenberg, and David Geffen sold Dreamworks to Viacom in a deal that was completed barely 2 years ago.

“As for distribution, Spielberg wants to bolt his roost at Paramount for Universal, which wants to land Spielberg and DreamWorks after losing out to Paramount in that quest a couple years ago. But on recommendation from his advisers, Spielberg has allowed a bidding war to begin among studios for the rights to distribute future DreamWorks movies.”

I guess this move allays any concerns that Spielberg might be winding down as a creative force in Hollywood.