DreamWorks back up for sale

A deal that would sell DreamWorks studio to NBC/Universal has long been rumored to be in the works, but recent reports indicated that talks between the two entertainment giants had faltered, and the deal was done for. Now, Variety says DreamWorks may be back in play and up for sale.

DreamWorks and Universal already have some relationship, since Universal handles DreamWorks’ international distribution. That would make them an easy fit as partners, were the deal with NBC/Universal to go through. Talks may be back on now, though NBC has not changed its offer for the studio.

DreamWorks may be bought, but not necessarily by NBC. It looks like Paramount has entered the negotiations as well. Like Universal, they have some existing relationship. The two studios have collaborated in the past on such films as ‘Saving Private Ryan’, ‘Collateral’, and ‘War of the Worlds’.

What makes DreamWorks so lucrative is not just their 60-title library, but the earning potential of Steven Spielberg, Hollywood’s most financially successful director. The sale of DreamWorks would not include their Animation division, whose last film ‘Madagascar’ grossed over $500 million this summer. It would however, give the buyer access to DreamWorks Animation’s distribution rights. Note the date on this article may be incorrect due to importing it from our old system.

t