Will Smith, who is not renewing his contract with Columbia, has received a "multi-platform offer" from DreamWorks SKG, a source tells Billboard Bulletin.

Will Smith, who is not renewing his contract with Columbia, has received a "multi-platform offer" from DreamWorks SKG, a source tells Billboard Bulletin. The deal apparently includes options for recordings, television, films, video games, and animation.

A Columbia spokesperson confirms that Smith has left the label, his home since 1996. The artist's final Columbia studio album, "Born To Reign," debuted in July at No. 13 on The Billboard 200 and has sold 225,000 copies in the U.S., according to Nielsen SoundScan. Smith's Columbia career was closed out by "Greatest Hits," released in late November.

A DreamWorks spokesperson denied knowledge of a deal but confirmed that Smith has been working on the label's soundtrack for the upcoming animation feature "Shark Slayer," due in November in U.S. theaters. "Shark Slayer" also boasts the voice talents of Jack Black, Angelina Jolie, James Gandolfini, and Renee Zellweger.

As previously reported, Smith will also be seen on the big screen in "Bad Boys 2," and an adaptation of Isaac Asimov's classic science fiction book "I, Robot."

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