DreamWorks Animation
ORG
DreamWorks DreamWorks SKG DreamWorks Animation DreamWorks'
When the Paramount Pictures unit of Viacom announced two months ago that it would acquire DreamWorks SKG  for $1.6 billion, the deal was heralded 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 all apparently can affect in the next couple of weeks, or possibly sooner, 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. Paramount does get the right to distribute films made by DreamWorks Animation, but that is not the same as producing them.