Amblin Partners is born and the Amblin name is back at Universal. Participant Media, the Reliance Group, and Entertainment One (eOne) have partnered with Steven Spielberg to bring Amblin Partners, a new film, television, and digital content creation company together with a $500M debt syndication.

Amblin Partners will develop and produces films using all three labels — Amblin, DreamWorks, and Participant. The DreamWorks label will remain intact.

Spielberg's more recent deal at Disney began in 2009 under former studio chairman Dick Cook and expires officially next August. The deal was made prior to the acquisition of both Marvel and Lucasfilm, which have obviously seen much greater success than Spielberg's DreamWorks. The family film The BFG and The Light Between Oceans (starring Michael Fassbender, Alicia Vikander and Rachel Weisz) are the last two titles that will be released by Disney and they bow next year. The BFG is scheduled for July 1.

Amblin Partners brings the legendary filmmaker back to the studio where he began about 45 years ago. Yes, Spielberg films will finally be returning to Universal Pictures, who will handle the marketing and distribution for the new entity in what is being described as a multi-year pact covering four to seven films, beginning with DreamWorks’ The Girl on the Train, which is based on Paula Hawkins’ best-selling novel of the same name. The thriller will be released on Oct. 7.

Ready Player One, a co-production between Amblin Partners and Warner Bros., which Spielberg is directing, is scheduled to be released on Dec. 16, 2017.

So with Spielberg back in the Amblin mix full swing with financing and distribution back in place, does this mean we'll see remakes of some of his most famous films?

“I would never remake one of my own movies — starting with Jaws — but there are Amblin titles in the library that could inspire new stories that were made popular by the films,” he said. “There isn’t a single title that I’ve earmarked, but yes, I would like to. I will be discussing that with Jeff (Skoll) and Ronnie (Meyer) and Donna (Langley).”

Source: Deadline