DreamWorks Studios, the film company co-founded by Steven Spielberg, will split from Walt Disney Co. after the release of his film, The BFG, the Hollywood Reporter said, citing people familiar with the matter.

The Oscar-winning director’s likely future home is Universal and is in talks with the company, the trade publication reported.

Spielberg’s take on The BFG, based on British author Roald Dahl’s 1982 book, is scheduled for release on July 1, 2016.

A spokeswoman for Disney declined to comment. Universal Studios and DreamWorks did not respond to request for comment.

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