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Spielberg May Exit Paramount by November, Person Says

Steven Spielberg’s DreamWorks SKG film studio may exit Viacom Inc.’s Paramount Pictures as soon as November after securing outside funding, according to a person with knowledge of the plans.DreamWorks and Indian billionaire Anil Ambani are in talks for the Reliance Anil Dhirubhai Ambani Group to invest as much as $600 million in the studio, said the person, who declined to be identified because a deal isn’t complete. Spielberg’s contract with New York-based Viacom ends Oct. 31, the person said.

The director and DreamWorks co-founders David Geffen and Jeffrey Katzenberg sold the studio to Viacom for $1.6 billion in 2006 and have since produced “Transformers” and “Indiana Jones and the Kingdom of the Crystal Skull,” the top film this year based on worldwide ticket sales.

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