Geffen Leaving Dreamworks

David Geffen is saying goodbye, after 14 years, to DreamWorks – and has indicated that he is leaving Hollywood altogether.

Geffen remains on the board of DreamWorks Animation, although the New York Times noted that people familiar with his plans said he would resign soon.

After DreamWorks broke ties with Paramount Pictures in early October, Geffen created a new company to be run by Steven Spielberg and DreamWorks Chief Executive Stacey Snider, with backing from Reliance Big Entertainment of India and with movies being distributed by Universal.