He may be the king of the silver screen but it seems not even Steven Spielberg can thaw the freeze in credit markets.
JPMorgan Chase was due to begin syndicating $700m of debt this week for DreamWorks, the studio started by Mr Spielberg and backed by Reliance Big Entertainment, an Indian media group.
The debt, together with about $500m of equity from Reliance, was to bankroll DreamWorks after Mr Spielberg decided to take the brand out of Viacom, the media group that bought the studio three years ago.
