Hollywood

Spielberg Bails Out Dreamworks

Poor Steven Spielberg. First his charity gets fleeced by Bernie Madoff, and now he has to dip into his own pockets to support Dreamworks, the film company he co-founded in 1994. According to Variety, the production company cannot find credit during the financial crisis, forcing Spielberg to spend $13 million of his own dough to Paramount in order to keep the rights to 17 films. It is possibly the only time the mogul has had to use his personal wealth to pay for Dreamworks' operations.