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DreamWorks & Fox to Co-Finance Spielberg’s ‘Robopocalypse’

The epic is set for release on Independence Day weekend in 2013; Disney will distribute

DreamWorks Studios and Twentieth Century Fox jointly announced Wednesday that they are co-financing Steven Spielberg's epic "Robopocalypse."

Disney will distribute "Robopocalypse" domestically via its Touchstone Pictures label. Fox will handle international distribution.

The movie has a release date of July 3, 2013.

At a time when studios are trimming costs, the joint venture makes sense. Spielberg doesn't come cheap, and this movie — being an epic, and all — sounds expensive.

It's based on Daniel H. Wilson's novel about the fate of the human race after a robot uprising.

Fox has a history of these kinds of deals: It teamed with Paramount on the 1997 "Titanic," for example