It’s official: DreamWorks has a new distributor in Disney.
The long-term exclusive deal was announced Monday after much speculation over the weekend after a DreamWorks/Universal deal fell apart, Variety reports.
Under the deal, Disney will distribute six DreamWorks films a year under its Touchstone Pictures banner, starting in 2010. Disney also will provide a loan to DreamWorks, which is raising money to secure additional financing from partners Reliance.