Under the new pact, Spielberg will no longer fully finance its own films, as it has in the past. Instead, Universal will provide backing for any Amblin movie it opts to produce.

There will be job cuts through layoffs and some contracts not being renewed associated with the transition.

The new relationship seems to be an acknowledgment of the challenges of finding financial partners for movies aimed at adults or that don’t fit into pre-existing franchises — in short, the kind of movies that Amblin, which produced the likes of “Green Book,” “The Post” and “First Man,” tends to make.

Amblin’s more recent releases such as “Easter Sunday” with Jo Koy and Spielberg’s autobiographical The Fabelmans stumbled at the box office.

“Universal is my ancestral studio home, and this next chapter in our longstanding partnership will provide Amblin with the creative flexibility and autonomy that will allow us to succeed together in the future,” said Spielberg. “I’m eternally grateful to our entire team at Amblin for their work and dedication over the years, and also thankful to Donna Langley and everyone at Universal for their commitment and partnership, as we all look forward to our next adventure together.”

Spielberg will be able to make movies for other studios as part of the pact, something he’s done in the past at Warner (“Ready Player One”) and Disney (“West Side Story,” “Bridge of Spies”).

Amblin will also continue its film partnership with Netflix, as well as its TV production business, which has more than a dozen shows on TV and on streaming platforms.