With the investment, Universal Filmed Entertainment Chairman Jeff Shell will join the board of Amblin Partners.
Today’s announcement was made by Ron Meyer, Vice Chairman, NBCUniversal, Shell and Donna Langley, Chairman, Universal Pictures, and Amblin Partners Chairman Steven Spielberg, CEO Michael Wright, and President and Co-CEO Jeff Small.
With today’s announcement, Universal Filmed Entertainment joins Amblin Partners’ group of strategic investors, which includes Participant Media, Reliance Entertainment, Entertainment One (eOne), and Alibaba Pictures.
Universal Filmed Entertainment and Amblin Partners today announced that Universal will be taking a minority stake in Amblin, strengthening the relationship between the two companies.