Spielberg and the dream that didn't work

GOOD FILM scripts often have surprise endings. And Steven Spielberg has prov-ed time and again - since he first made a splash with Jaws 30 years ago - that no filmmaker tells a story better than he does, whether it is about a little green man from outer space or the horror of the Holocaust.

This time he has come up with a dramatic variation on that old plotline where the bride and groom are standing at the altar and, all of a sudden, the bride's true love turns up at the back of the church. Just when it looked like his company, DreamWorks, was about to say "I do" and jump into bed with Universal, along comes Universal's lofty rival Paramount and, before anyone can say "Here's to you, Mrs Robinson", the pair are off on the bus, leaving the rest of the industry trying to work out what happened.

Eleven years after Spielberg joined former Disney executive Jeffrey Katzenberg and music mogul David Geffen to set up DreamWorks SKG as a rival to the established major Hollywood studios, he has finally bowed to what many always thought was inevitable, selling out to the old order.

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