Paramount, Spielberg Complete Break

It is now official, Steven Spielberg has broken off from Paramount to start a new film company with Reliance Big Entertainment.

As previously reported "Mr. Spielberg will continue to produce the Transformers franchise for Paramount and will also collaborate on three other Paramount films including, 'When Worlds Collide'".

If you are in the industry, this might be a big deal. As a movie fan, all this means is the title card you see in front of movies will probably no longer have DreamWorks in front of it in about a year or so (as they run through their already in development library such as TF2).

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