Paramount Set to Buy DreamWorks
Saturday, December 10th, 2005 3:52AM CST
Categories: Movie News, Company NewsPosted by: Alex Kingdom Views: 65,280
It has been reported that Paramount Pictures have struck a deal to buy DreamWorks, makers of the forthcoming Transformers Movie. The article reads:
Under the deal, Paramount would gain control of DreamWorks' live-action movie production operation and its relatively small, 60-title library, which includes such Oscar-winning movies as "American Beauty" and "Gladiator."
It also would give Paramount the worldwide distribution rights to all animated movies made by DreamWorks Animation, which was spun off last year to public shareholders and would not be part of the purchase.
It is not clear whether this will affect the making of the Transformers Movie, but there will certainly be some changes at DreamWorks over the coming year.
Read the full article here.
Under the deal, Paramount would gain control of DreamWorks' live-action movie production operation and its relatively small, 60-title library, which includes such Oscar-winning movies as "American Beauty" and "Gladiator."
It also would give Paramount the worldwide distribution rights to all animated movies made by DreamWorks Animation, which was spun off last year to public shareholders and would not be part of the purchase.
It is not clear whether this will affect the making of the Transformers Movie, but there will certainly be some changes at DreamWorks over the coming year.
Read the full article here.
Credit(s): Seibertron, Los Angeles Times
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