An L.A. Times article says DreamWorks, SKG, the studio started by Steven Spielberg, Jeffrey Katzenberg and David Geffen, and Paramount Pictures, who acquired the studio in 2006, are calling it quits.
Apparently the relationship between the two has been contentious and, last year, Spielberg and Geffen began seeking investors to help them break away, and reform as an independent studio. As of this weekend, Paramount has agreed to release them from their contract.
However, Paramount still has a stake in numerous Dreamworks productions: among them, the new 'Tintin' series and the 'Transformers' franchise.
As reported earlier in the week, the producers of 'Tintin' were looking to Paramount to fund the twin animated films, to be directed by Spielberg and Peter Jackson respectively, after Universal Pictures backed out.
According to this article Paramount has now agreed to fund the effort.