“After years of on-and-off flirtations, Comcast is in talks to buy DreamWorks Animation, the boutique studio run by Jeffrey Katzenberg that has struggled to move past and boom-and-bust cycle driven by its sporadic film releases,” reports The New York Times.
The story adds, “The possible deal would value DreamWorks Animation at roughly $3 billion, or about 30 percent more than its current market value…”
News of the talks was first reported by The Wall St. Journal, which is behind a firewall and may charge you to read its story.
The Times also notes, “Christopher Meledandri, the chief executive of [Comcast owned Illumination Entertainment], which has found success in low-cost smash hits like “Despicable Me,” would most likely run the operation. That would almost certainly mean the departure of Mr. Katzenberg and layoffs at DreamWorks Animation, which is based in Glendale, Calif.”
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