NY Times Confirms $150M Pay-off to Paramount
Posted August 21, 2007 07:18 AM by Josh Dreuth
The NY Times has confirmed via two Viacom executives, who spoke on the condition of anonymity, that Paramount has received a $150M pay-off to support HD DVD exclusively for a period of 18 months. The $150M is comprised of cash and future marketing deals. Also re-confirmed is that the deal includes no films directed by Steven Spielberg.