Steven Spielberg, ever the iconoclast, is just saying NO to the studios these days. As has been reported over and over, he's doing a deal with India's Reliance ADA Group.
The India contingent is putting up a billion bucks to give Spielberg carte blanche (or however that translates to Indian) to make and distribute whatever he wants.
He's already got some producers ready to attach to the Spielbergian realm, including Walter and Laurie Parkes (longtime Spielberg pals) and Ben Stiller.

Oh yeah, the distribution might not be so easy. He still doesn't have any distribution set for these films and unfortunately the only ones who can legitimately distribute films in this country are the major studios. Nobody can explain why the majors have such a stranglehold on film distribution, though the Internet is starting to whittle that influence away.

Regardless, Speilberg's looking and the majors are all considering (but not relying on, ho ho) his Reliance cash, but invariably it's likely that Spielberg will be back in bed with Universal, where all of his filmic links have been in the past, whether DreamWorks SKG or Amblin.

The India Reliance deal is supposed to be completed this week.
We'll see if Spielberg starts wearing a Sari or has a red dot implanted on his forehead.