The entertainment dream team of Steven Spielberg, Jeffrey Katzenberg and David Geffen is forming a TV studio in a deal with ABC.
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It is the first solid venture announced by the high-powered trio, which joined money and minds last month to make movies and other entertainment. The new studio will create shows for all four networks, cable channels and syndicated programming.The ABC deal hit the same day as rumors that Spielberg, former Disney honcho Katzenberg and record billionaire Geffen were trying to woo Matt Williams and Wind Dancer - home of TV's No. 1 show "Home Improvement" - to join the trio. According to the Hollywood Reporter, Disney chief Michael Eisner went "apoplectic" at the news. Williams' deal with Disney is up in a year.