Disney Studios Chairman Dick Cook explained on Monday that his outfit would market and distribute approximately six films a year for DreamWorks, the hatchling studio led by Steven Spielberg, but avoided offering any details with regard to the deal.

 

In spite of the fact that the Wall Street Journal wrote in a report that Disney would gross at least an 8 percent fee of the box office revenue of DreamWorks productions and that it would provide the studio about $150 million, Dick Cook informed Reuters in a telephone interview that the “numbers may be wrong.”

 

As part of the deal, Disney will mount promotional campaigns and help distribute movies into theaters and will receive in return a share of DreamWorks’ films’ box office earnings.

 

Disney intervened after a previously proclaimed - but never completed – agreement between Steven Spielberg’s studio and General Electric Co.’s Universal Studios disintegrated as a result of what a source aware of the matter described as incongruity over financing.

 

Steven Spielberg and DreamWorks chief executive Stacey Snider were trying to find distribution, as well as financing, for movies they intended to make with India’s Reliance BIG Entertainment.

 

The first DreamWorks film to be distributed by Disney is scheduled to hit theaters in 2010.