Yahoo! News :: Entertainment

Spielberg to leave Paramount to form new venture (AFP)

<p><a href="http://us.rd.yahoo.com/dailynews/rss/entertainment/*http://news.yahoo.com/s/afp/20081005/en_afp/entertainmentusfilmspielberg"><img src="http://d.yimg.com/us.yimg.com/p/afp/20081005/capt.cps.num15.051008235042.photo00.photo.default-379x512.jpg?x=96&y=130&q=85&sig=bnYGJWUIwUk2m.10V7spag--" align="left" height="130" width="96" alt="Hollywood directing legend Steven Spielberg, pictured in May 2008, is leaving Paramount Pictures to form a new film venture, the company announced Sunday.(AFP/File/Gabriel Bouys)" border="0" /></a>AFP - Hollywood directing legend Steven Spielberg is leaving his longtime partner Paramount Pictures to form a new Hollywood-based film venture worth 1.5 billion dollars with India's Reliance ADA Group, Paramount announced Sunday.</p><br clear="all"/>