Paramount pictures ‘to buy Dreamworks’
Paramount Pictures today said it had agreed to buy independent film studio DreamWorks SKG Inc. in a deal worth 1.6bn US dollars (€1.36bn) in cash and debt.
The deal strengthens Paramount’s live action film business and gives the unit of Viacom Inc. access to DreamWorks’s library of 59 films, including the Oscar-winning “American Beauty” and “Gladiator.”