CBS RULES OUT DREAMWORKS : STUDIO CENTER SAYS THERE'S NO ROOM AS EXECUTIVES LOOK FOR PLAYA VISTA ALTERNATIVE.Byline: Gregory J. Wilcox Daily News Staff Writer DreamWorks SKG SKG Stichting Kwaliteit Gevelbouw (Dutch) SKG Spielberg, Katzenberg,and Geffen (DreamWorks Studios) SKG Thessaloniki, Greece - Thessaloniki (Airport Code) SKG Smith and Kraus Global may be looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a new home but it won't be at the CBS (Cell Broadcast Service) See cell broadcast. Studio Center in Studio City, the entertainment giant said Thursday. ``CBS is always interested in creative business opportunities. But there is no scenario under which we would sell or give up control of Studio Center,'' the company said in a written statement. DreamWorks executives have expressed interest in renting ``multiple stages for multiple years,'' said Michael Klausman, the CBS entertainment unit's president. But he said that all 19 sound stages at his facility are booked up. DreamWorks produces the prime-time show ``Ink'' at the 40-acre Studio Center, located about half a block north of Ventura Boulevard Ventura Boulevard is one of the primary east-west thouroughfares in the San Fernando Valley; as it was originally a part of the El Camino Real (the trail between Spanish missions), Ventura Boulevard is the oldest route in the San Fernando Valley. It was also U.S. between Radford Street and Colfax Avenue Colfax Avenue is the main street that runs east and west through the Denver-Aurora metropolitan area in Colorado. As U.S. Highway 40, it was one of two principal highways serving Denver before the Interstate Highway System was constructed. . ``At the moment, we don't have room for more DreamWorks shows,'' Klausman said. A DreamWorks spokeswoman confirmed Thursday that the company has discussed buying the Studio City property from CBS. DreamWorks' interest in the San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. property arose after progress on its planned film studio at the Playa playa or pan or flat or dry lake Flat-bottomed depression that is periodically covered by water. Playas occur in interior desert basins and adjacent to coasts in arid and semiarid regions. Vista project was slowed because the developer, Maguire Thomas Partners, encountered financial problems. This angered entertainment moguls Steven Spielberg Noun 1. Steven Spielberg - United States filmmaker (born in 1947) Spielberg , Jeffrey Katzenberg and David Geffen, who founded DreamWorks in 1994. Earlier this week International Business Machines Corp., which was hired last year as the technology consultant, sent a letter to Robert F. Maguire III of the development partnership and said IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) was pulling out of the project and demanding $430,000 in past due fees. That position soon softened, though. On Thursday the computer giant reversed course and said it will continue in its consulting role. ``We're still committed to DreamWorks and still committed to going forward with the project at Playa Vista,'' said an IBM source, familiar with the deal, who asked not to be identified. ``There have been further discussions, and the project appears to be back on track.'' Richard K. Selvage, IBM's general manager of media and entertainment, and Maguire are scheduled to meet today in an attempt to resolve the financial dispute, said Peggy Moretti, spokeswoman for the developer. ``IBM has expressed interest in coming to Playa Vista, and we will do all that we can to ensure their participation in the project,'' she said. IBM was hired in December 1995 to be the technology consultant for the 1,087-acre project near Playa del Rey. Plans include a film studio, offices, hotels, retail, health-care and civic facilities. Los Angeles city officials subsequently pledged about $70 million in incentives to attract the studio as anchor for the development. Moretti said the developer is conducting a global search for funds and the company hopes to have the matter resolved in 60 days. |
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