Paramount Pictures
ORG
Paramount Pictures Paramount
When the Paramount Pictures unit of Viacom announced couple of months ago, that it would acquire DreamWorks SKG  for $1.6 billion, the deal was announced as a ''coup'' and a ''fantasy come true'' by the news media and analysts alike. The combination of Sumner M. Redstone of Viacom, Brad Grey of Paramount and the triumvirate of David Geffen, Steven Spielberg and Jeffrey Katzenberg at DreamWorks made it seem as if the company should be renamed DreamTeam. This may all become apparent in the next couple of weeks, as Paramount nears a deal to offload DreamWorks' movie library to a group of private equity investors led by George Soros, according to people involved in the talks. Paramount Pictures unit of Viacom announced that it would acquire DreamWorks SKG  for $1.6 billion, the deal was heralded as a dream come true by the news media. That deal, for about $800 million to $900 million, would mean that Paramount would rid itself of DreamWorks' paltry movie library of 59 films. Paramount will have the cachet of being associated with Mr. Spielberg, the benefit of distributing DreamWorks' animated films, and the comfort of picking up a number of films already in production. 