Latest in Entertainment

Image credit:

Comcast buys DreamWorks Animation for $3.8 billion

'Shrek' now lives in Comcast's house.
Devindra Hardawar, @devindra
April 28, 2016
Share
Tweet
Share

Sponsored Links

The rumors are true: Comcast subsidiary NBCUniversal announced it has snapped up DreamWorks Animation in a $3.8 billion deal. It'll give Comcast access to successful animation properties like Shrek, Kung-Fu Panda and How to Train Your Dragon, which should complement the NBCUniversal franchises Despicable Me and Minions. And, in a strange twist, the acquisition will also reunite DreamWork's Animation with its live action sibling, which was rebranded as Amblin Partners last year and already has a distribution deal with Universal.

The deal is expected to close by the end of the year, and Comcast says it doesn't foresee any regulatory opposition. Once everything is settled, DreamWorks CEO Jeffrey Katzenberg will step down and serve as chairman of DreamWorks New Media, and he'll also be a consultant for NBCUniversal.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share

Popular on Engadget

Netflix delivers 'studio-quality' sound upgrade for Android viewers

Netflix delivers 'studio-quality' sound upgrade for Android viewers

View
Sony may resurrect the Xperia Compact line for small phone fans

Sony may resurrect the Xperia Compact line for small phone fans

View
Apple warns against putting an iPhone 12 too close to your pacemaker

Apple warns against putting an iPhone 12 too close to your pacemaker

View
Facebook inexplicably logs out iPhone users

Facebook inexplicably logs out iPhone users

View
Google mobile search redesign focuses on results, not frills | Engadget

Google mobile search redesign focuses on results, not frills | Engadget

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr