Steven Spielberg is without a doubt one of the most well-known and influential directors in the history of film making, and he's decided to make some major changes in DreamWorks, the popular film company he co-founded.

As of now, DreamWorks Studios is part of Walt Disney Co., but their distribution deal expires in August of next year after seven years together, and Spielberg does not plan on renewing the contract, according to The Hollywood Reporter. Apparently Spielberg plans to work and sign with Universal instead.

"The studio would welcome the chance to be DreamWorks' distribution partner," a Universal source has said, even though the company itself has declined to comment. Spielberg was the executive producer of Universal's "Jurassic World," which was a reboot of his original "Jurassic Park," and it became the third highest-grossing film in history, behind "Titanic" and "Avatar," according to Reuters. 

His upcoming films "Bridge of Spies," which is set to premiere Oct. 16, and "The BFG," which is set to premiere July 1, 2016, will be the last Spielberg-directed films under the Disney deal, according to Variety.

Any deal is premature and Disney and DreamWorks have also declined to comment.