Sometimes, in a CEO’s life, you really do get a second chance. Just ask Walt Disney Chief Executive Bob Iger, whose company announced Monday that it had snagged the distribution rights to Steven Spielberg’s DreamWorks Studio films.

Only last week Spielberg’s studio was thought to be in business with Universal Studios, which had announced in October that it signed DreamWorks. But that deal went sour, and Disney got back in the picture.

According to Iger, Spielberg had negotiated with Disney this summer, and a deal might have been done, but Spielberg “had an emotional attachment to Universal and decided he wanted to go there instead.” But by January, says Iger, Spielberg had made it known that he no longer wanted to stick to his Universal deal.

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