The news earlier in the day was just the start. It’s been a busy Monday in Hollywood.

* Different publications are offering a slightly different ways of putting it, but a new version of Dreamworks is being launched by Steven Spielberg, who is ending his relationship with Paramount, and executive Stacey Snider. They’re doing so with the help of $825 million in financing (that’s enough for 4.85 “G.I. Joe” movies) including a big chunk from India’s Reliance Entertainment. U.S. distribution of the new Dreamworks’ films will be handled by Disney, so we guess they’re no longer competitors. (Remember those pokes at Disney in “Shrek”?)

Everyone’s reporting on this but the most lucid version is being offered by Anne Thompson, even if I’d need a glossary to fully understand phrases like “J.P. Morgan’s syndication of approximately $325 million of senior debt”…something about a fancy way of retiring old debt? I’m going to have to work on that. Carl DiOrio also offers a fairly readable version.

* Speaking of Dreamworks, Brad Pitt is stepping in for a mysteriously departing Robert Downey, Jr. in the animated superhero/supervillian comedy “Oobermind.” I say mysterious because, as the Hitfix staff points out, the reason cited for Downey’s departure is a scheduling conflict, which is odd as it’s usually not very hard to reschedule someone for a solo taping session. It’s not like he would have had to spend six weeks on location in the Sahara dessert.

Brad Pitt’s comedic side has been seriously underutilized, but maybe not after what I take it is a fairly off-kilter and funny performance in “Inglourious Basterds.” (Lee Marvin was also kind of hilarious in “The Dirty Dozen,” come to think of it.) The cast of “Oobermind” will also include the suddenly-in-everything Jonah Hill and Tina Fey.

* Nikki Finke has the scoop on a $30 million lawsuit involving the owners of the rights to the “Terminator” franchise and allegations of fraud and extortion. If true crime stories about fiscal double dealing are your thing, you’ll want to check this one out.

* At the other end of the fiscal scale, Ms. Finke also has a very interesting e-mail (which I can actually understand all of, unusual for today’s insider stories) taking a peak inside the marketing thoughts that led to the box office disaster of “Bandslam,” despite the fact that people who have seen this film seem to like it quite a bit.

* A few days back, Karina Longworth expounded on the ironies of low-end filmmaking when the means of production are easier to obtain than ever, but actually getting people to see it may be as problematic as ever. Today, she talks to Abel Ferrera, who grouses about how the digital revolution isn’t making it any easier for the veteran indie director to get movies off the ground.

He also got a pretty big grudge against Werner Herzog, not that I think having an enemy will faze Herzog any.