Dreamworks snapped up by Viacom

Entertainment giant Viacomhas taken over the Dreamworks SKG studio in a deal worth $1.6bn (€1.35bn).

Dreamworks snapped up by Viacom
Mon, 12 Dec, 2005 - 11:34

Entertainment giant Viacomhas taken over the Dreamworks SKG studio in a deal worth $1.6bn (€1.35bn).

Dreamworks was set up in 1994 by Oscar-winning director Steven Spielberg, record company boss David Geffen and producer Jeffrey Katzenberg - and Viacom will now take on Spielberg's creative output.

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