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Article: Paramount wins DreamWorks MARKETPLACE by Bloomberg

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International Herald Tribune
Article date:
December 12, 2005
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Copyright

Alex Armitage
International Herald Tribune
12-12-2005
A group led by Paramount Pictures, a unit of Viacom, agreed on Sunday to buy DreamWorks SKG for $1.6 billion in cash and debt, wresting the movie studio away from NBC Universal and securing the talents of Steven Spielberg.DreamWorks will almost double Paramount's slate of films for 2006 and will bring a library of 60 movies including ''Gladiator.'' Viacom executives said they expected to sell the library to a third party. The group will also assume an undisclosed amount of debt, the companies said in a statement.The purchase is a coup for Paramount's chief, Brad Grey, hired this year by Viacom's chairman, Sumner Redstone, to revive the ...

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