Movie News

Soros Buys Dreamworks Library

George Soros and Steven Mnuchin have purchased the rights to the entire Dreamworks film library, according to the New York Daily News. The deal was part of the maneuvering surrounding the sale of Dreamworks to Viacom. This reduces the price of Dreamworks by $900 million.

No word on what effect this will have on the library, although Soros comments lead me to believe that he will just be using them as is to generate revenue. Soros owns Warner Brothers, and a large chunk of Time Warner. This is just another sign that content will continue to be where the money's at in the foreseeable future of media.

---

Tags:

---

Posted by on March 21, 2006 8:19 PM
Permalink | Email to a Friend | Add to del.icio.us | Digg This





More Recent Stories:
• Ten Best Films of 2007
• Utah Film Critics Praise “No Country”
• Detroit Critics Name “No Country” Best Film
• Hudson, Latifah and Okonedo have a “Secret”
• Raimi Returns to Horror With “Hell”
• Phoenix Critics Pick “No Country” as Year’s Best
• Affleck to Replace Norton in “State of Play”
• Peter Jackson to make "The Hobbit"
• McGregor and Carrey to Share On-Screen Romance
• Dallas Critics applaud "No Country for Old Men"