Paramount Set to Buy DreamWorks

Paramount Set to Buy DreamWorks

Saturday, December 10th, 2005 3:52am CST

Categories: Movie Related News, Company News
Posted by: Alex Kingdom   Views: 37,295
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.

Credit(s): Seibertron, Los Angeles Times


This article was last modified on Thursday, April 20th, 2006 9:19pm CDT

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