Loan Deal for Spielberg Is Near

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For months, Hollywood has been buzzing about whether superstar director Steven Spielberg could get a loan.

Since October, when he broke away from Paramount Pictures to launch a studio with his longtime producing executive Stacey Snider, the director of such lucrative franchises as Indiana Jones, Jaws, and Jurassic Park has been stymied by the worldwide credit crisis. Now, after some serious restructuring efforts by bankers at JPMorgan Chase, Spielberg finally seems assured of getting his money.

But getting money, even for Hollywood’s most bankable director, didn’t come without strings. These sources have confirmed that to get the loan the new DreamWorks was forced to reduce the risk to banks to unheard-of levels.


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