Latest Entertainment News Headlines

Comcast buys DreamWorks Animation for $3.8 billion

04.28.2016

Yesterday you may have seen a few rumors filtering through the internet about Comcast purchasing DreamWorks Animation, which turns out was 100% true. The announcement has been made today, with the big C forking over $3.8 billion to get their hands on the animated efforts of DreamWorks Animation. While the purchasing price is similar to Disney's acquisition of Lucasfilm and seemingly less of a steal, DWA holds the rights to several highly-profitable properties, including SHREK, MADAGASCAR, HOW TO TRAIN YOUR DRAGON and KUNG FU PANDA, among others. When you factor in film distribution, TV networks, Universal theme parks and licensed merchandise, I'm sure Comcast will be making it's money back.

NBCU Steve Burke on the acquisition:

[This] will help us grow our film, television, theme parks and consumer products businesses for years to come. We have enjoyed extraordinary success over the last six years in animation with the emergence of Illumination Entertainment and its brilliant team at Illumination Mac Guff studio. The prospects for our future together are tremendous. We are fortunate to have Illumination founder Chris Meledandri to help guide the growth of the DreamWorks Animation business in the future.

Some folks are a little wary of Universal having the rights to DreamWorks Animation's line, although I'm pretty indifferent about what they'll even do with it. What, are they gonna reboot SHREK or something? Make 50 sequels to HOW TO TRAIN YOUR DRAGON? Universal's Illumination has not done too much outside of DESPICABLE ME, but folks seem to be enjoying those. Bottom Line: It's business as usual as companies are buying up some properties and looking to make a mint. How about a DreamWorks Animation shared universe? Would everyone hate that?

CLICK IMAGE TO OPEN GALLERY & SEE MORE PICS...

Source: Deadline

RECOMMENDED MOVIE NEWS

MORE FUN FROM AROUND THE WEB

Strikeback
Not registered? Sign-up!
Or

2:08PM on 04/29/2016

Pulling the Plug

With cable customers dropping off the grid, and it's TV networks loosing audiences this is a desperate move to add another revenue stream. If works for them as well as their other acquired projects I see tough times for Dreamworks.
With cable customers dropping off the grid, and it's TV networks loosing audiences this is a desperate move to add another revenue stream. If works for them as well as their other acquired projects I see tough times for Dreamworks.
Your Reply:



Please email me when someone replies to my comment
5:21PM on 04/28/2016
I hope this doesn't affect their movies and exclusive shows on Netflix. I'm looking forward for that Voltron remake.
I hope this doesn't affect their movies and exclusive shows on Netflix. I'm looking forward for that Voltron remake.
Your Reply:



Please email me when someone replies to my comment
4:21PM on 04/28/2016
This article would have read better, if the headline said; "Comcast decides to give better support at a better rate, and better Customer Service, Charter soon to follow!".

For the record, I'm a Charter subscriber, and they suck fucking donkey ass (would that make it ass ass?), but I'll never go back to Comcast's truly awful service... same with DirecTV (worst 'utility' experience of my life).
This article would have read better, if the headline said; "Comcast decides to give better support at a better rate, and better Customer Service, Charter soon to follow!".

For the record, I'm a Charter subscriber, and they suck fucking donkey ass (would that make it ass ass?), but I'll never go back to Comcast's truly awful service... same with DirecTV (worst 'utility' experience of my life).
Your Reply:



Please email me when someone replies to my comment
3:19PM on 04/28/2016
Hopefully they still release How To Train Your Dragon 3 and just end it there. The story's been great so far and I don't want them to mess it up.
Hopefully they still release How To Train Your Dragon 3 and just end it there. The story's been great so far and I don't want them to mess it up.
Your Reply:



Please email me when someone replies to my comment
+0
2:32PM on 04/28/2016

I'm pretty indifferent to this.

Honestly, I'm surprised somebody hasn't purchased them sooner. They've been their own weird little island (i.e. like Marvel Studios) which never lasts and usually doesn't last nearly this long. The How to Train Your Dragon flicks are great, but other than that none of their stuff comes close to what Disney/Pixar is putting out on a regular basis these days. Heck, I honestly believe that Dreamworks' better efforts like "Kung Fu Panda" would probably be blasted as mediocre if Pixar released it.
Honestly, I'm surprised somebody hasn't purchased them sooner. They've been their own weird little island (i.e. like Marvel Studios) which never lasts and usually doesn't last nearly this long. The How to Train Your Dragon flicks are great, but other than that none of their stuff comes close to what Disney/Pixar is putting out on a regular basis these days. Heck, I honestly believe that Dreamworks' better efforts like "Kung Fu Panda" would probably be blasted as mediocre if Pixar released it. Which isn't meant as a diss on Dreamworks, as a whole they're miles ahead of Blue Sky and Illumination (it's still too early to tell about the newly revived WB Animation... I think Lego Movie is their first) so this was s good call on Universal's part. Disney's just operating on such a different level than the other studios (aside from Lego Movie nothing from any of the other studios in the past few years really comes close to Inside Out or Zootopia does it?) that it's hard to really get excited about the others. Now, if someone (besides possibly Disney) bought Studio Ghibli, then I'd be heartbroken.
Your Reply:



Please email me when someone replies to my comment
View All Comments

Latest Entertainment News Headlines


Top
Loading...

Featured Youtube Videos

Views and Counting