Steven Spielberg Quot Debt Plans For Dreamworks Deferred Till April
The delay reflects the difficulty of recruiting after the collapse of credit markets in October. The financing, previously targeted for the month of January, probably will not be complete by the end of the first quarter, the person said. Spielberg left Viacoms and Paramount Pictures have signed an agreement in September with Mumbai-based Reliance Entertainment, of which approximately $ 500 million in equity from Reliance over the debt has increased byJPMorgan. DreamWorks executives and banker JPMorgan Chase Co, which is leading the debt offering, have slowed efforts to raise the price to improve financial markets, said the person, who spoke on condition of anonymity because the funding is private.