Comcast buys DreamWorks Animation for $3.8 billion

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Comcast buys DreamWorks Animation for $3.8 billion

Comcast buys DreamWorks Animation for .8 billion
[IMG]http://rack.2.mshcdn.com/media/ZgkyMDE2LzA0LzI4L2Y5L1**cmVrLjQ2YmJhLmpwZwpwCXRodW 1iCTU3NXgzMjMjCmUJanBn/07486c81/6d9/Shrek.jpg[/IMG]
Comcast has purchased movie studio DreamWorks Animation for .8 billion.

The deal, an**unced on Thursday morning, will bring a sizable library of youth-oriented content under control of NBCUniversal, which is owned by Comcast.

“DreamWorks Animation is a great addition to NBCUniversal,” said Steve Burke, CEO of NBCUniversal, in a press release. “Jeffrey Katzenberg and the DreamWorks organization have created a dynamic film brand and a deep library of intellectual property. DreamWorks will help us grow our film, television, theme parks and consumer products businesses for years to come."

DreamWorks Animation's catalogue includes*Shrek, Madagascar, Kung Fu Panda and How to Train Your Dragon.* Read more...


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