Comcast is reportedly in talks to purchase DreamWorks Animation
Reuters / DreamWorks Footage
Prior to now Dreamworks Animation has been talked about as a attainable buy for corporations together with Fox, Hasbro and Softbank, however now stories say it is in talks with Comcast. The Wall Road Journal first reported the discussions, claiming Dreamworks CEO Jeffrey Katzenberg is courting a suggestion from the cable behemoth of over $three billion. The stay motion arm of Dreamworks, now renamed Amblin Studios, is distributed by Comcast’s Common Footage which might convey the 2 again collectively in a means after the animation arm spun off by itself in 2004. Additionally, as The Hollywood Reporter mentions, Common is already residence to Illumination Leisure, which created Despicable Me and Minions, and sees the 2 as a competitor to Disney/Pixar.
Different issues embrace DreamWorks Animation’s ongoing cope with Netflix to create hundreds of hours of programming, and the web video studio AwesomenessTV, which Verizon (proprietor of Engadget’s father or mother firm AOL) just lately purchased a stake in. Contemplating the offers that weren’t over the previous few years, this deal continues to be removed from sure, however we’ll see if Comcast succeeds in including one other giant leisure piece to its secure.