How many streaming DreamWorks movies does it take to eat through a Comcast data cap?
Following rumors that suggested a deal was imminent, Comcast-owned NBCUniversal has announced that it will acquire top animation studio DreamWorks for $41 a share. That figure represents a 27% premium over Wednesday’s close, and it works out to a total of roughly $3.8 billion. DreamWorks Animation will become part of Universal Pictures and will be lumped into the company’s Filmed Entertainment Group.
DreamWorks co-founder and CEO Jeffrey Katzenberg will become chairman of the newly formed entity, which will be called DreamWorks New Media moving forward. Katzenberg will also act as a consultant to NBCUniversal as part of the deal. More →