ParamounT...
In December of 2005, DreamWorks was purchased by Paramount Studios for $1.6 billion, effectively ending DreamWorks' 11-year run as an independent studio. DreamWorks was never able to produce enough films to cover the high cost of being their own distributors.The move will allow Paramount to increase the number of films it releases each year.
Spielberg will stay on as a director & producer and Geffen will be chairman. The two agreed to produce up to six movies this year. In addition, Paramount has the right to distribute DreamWork's future animated features. To pay for the purchase, Paramount plans to sell DreamWorks' library of movie titles for as much as $1 billion.
http://www.seeing-stars.com/Studios/Dreamworks.shtml
posted by Dinni @ 7:29 pm
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