Comcast buys DreamWorks Animation for $three.eight billion

The rumors are true: Comcast subsidiary NBCUniversal introduced it has snapped up DreamWorks Animation in a $three.eight billion deal. It’s going to give Comcast entry to profitable animation properties like Shrek, Kung-Fu Panda and How one can Practice Your Dragon, which ought to complement the NBCUniversal franchises Despicable Me and Minions. And, in a wierd twist, the acquisition may also reunite DreamWork’s Animation with its reside motion sibling, which was rebranded as Amblin Companions final yr and already has a distribution cope with Common.

The deal is predicted to shut by the top of the yr, and Comcast says it does not foresee any regulatory opposition. As soon as the whole lot is settled, DreamWorks CEO Jeffrey Katzenberg will step down and function chairman of DreamWorks New Media, and he’ll even be a advisor for NBCUniversal.

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