His contract extension is said to be for multiple years
Wright, who was the CEO of DreamWorks until its marriage to Participant Media, Reliance Entertainment and Entertainment One in December, is responsible for the newly formed Amblin Partners’ film, television and digital businesses.
The combined production entity will exclusively release films in domestic and international territories through Universal Pictures in a multi-year deal. Wright played a key role in the partnership’s establishment and will continue to report to Spielberg with his new contract extension, which is said to cover multiple years.
Prior to serving as DreamWorks CEO, Wright was president, head of programming for TBS, TNT and Turner Classic Movies. He was also vice president of movies and miniseries for CBS Productions and CBS Entertainment.
“Michael is both an inspiring leader and a creative storyteller,” Amblin Chairman Spielberg said in a statement. “Our partners at Participant Media, Reliance Entertainment and Entertainment One, as well as our team here at Amblin Partners, join me in recognizing what Michael has already accomplished for us. We know his passion for our vision has the wind at our back and we look forward to the years ahead.”
In response, Wright said, “The opportunity to work with Steven as well as the gifted, dedicated people at Amblin Partners is a professional dream come true. Along with Jeff, Kristie, Holly, Darryl and Justin, I look forward to building this company and our brands, and continuing to be part of Steven’s storytelling.”