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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.

Posted by on March 21, 2006 8:19 PM
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