Annie Barrett
February 09, 2009 AT 11:12 PM EST

Just days after Universal issued a statement that all discussions of an alignment with Steven Spielberg’s DreamWorks Studios had been finished, Walt Disney Studios has agreed to enter into an exclusive long-term distribution arrangement with DreamWorks. Disney will handle distribution and marketing for approximately six DreamWorks films each year — the first to be released under the Touchstone Pictures banner will hit theaters in 2010. Reliance BIG Entertainment, a partner in DreamWorks, will distribute the new company’s projects in India.

Previously: Dreamworks set to move to Disney?

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