Hollywood director Steven Spielberg has slammed a magazine for claiming he's on the verge of leaving DreamWorks Studios.

Radar reported on its website on Tuesday that the filmmaker is unhappy with his film studio's parent company - Viacom-owned corporation Paramount Pictures - and has plans to depart from the firm he helped found 13 years ago, citing sources within media conglomerate Viacom Inc.

But a spokesman for Spielberg, 60, insists the publication's claims are unfounded, explaining, "Radar's kind of bounced off an incorrect source."

DreamWorks was purchased by Paramount in 2005 for $1.6 billion under the condition that Spielberg and partner David Geffen would stay on with Viacom until the end of 2008.

(This news article provided by World Entertainment News Network)