Comcast May Buy DreamWorks Animation

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Cable company Comcast may purchase DreamWorks Animation for $3 billion dollars.

This possible acquisition was initially reported by Wall Street Journal. Variety has since confirmed that negotiations are taking place, although DreamWorks executives have yet to comment.

DreamWorks Animation has distributed several critical and financial hits over the years, including the Shrek, How to Train Your Dragon, and Kung Fu Panda franchises. Of course some of their more recent outings, such as Turbo, Penguins of Madagascar, and Rise of the Guardians, have underperformed at the box office. Nevertheless, they’re still a major player in the realm of feature animation.

Comcast most notably owns Universal Pictures. Hasbro previously showed interest in purchasing DreamWorks, although the deal fell through in 2014.

Stay tuned for more on this potential merger.

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About Nick Spake

Nick Spake has been working as an entertainment writer for the past ten years, but he's been a lover of film ever since seeing the opening sequence of The Lion King. Movies are more than just escapism to Nick, they're a crucial part of our society that shape who we are. He now serves as the Features Editor at Flickreel and author of its regular column, 'Nick Flicks'.

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