Hollywood megaproducer Joel Silver has made a 12-film deal with Universal Pictures that enlists the studio as Silver’s new distribution partner, the studio announced on Thursday.
It is not a production deal, so Universal is not on the hook to finance any of the movies. They are relying on Silver to go out and find financing and then bring the movies to Universal for the studio to turn a profit. The studio does have the option of financing projects in various ways.
That means Silver, who has been based on the Warner Bros. lot, will not set up shop on Universal turf.