Anime News

Paramount Acquires Dreamworks
Date: 12/12/2005
According to Yahoo , Paramount Pictures has succeeded in its bid to purchase Dreamworks SKG. This includes their Go Fish label which holds the rights to anime films Millenium Actress and Ghost In The Shell II: Innocence. Of note in the article is the following: Paramount will retain distribution rights to the 59 library titles, which includes such hits as Oscar-winners "American Beauty" and "Gladiator." The agreement does not include DreamWorks Animation SKG Inc., which was the most profitable part of the company. The animated unit went public last year. Paramount does gain the right to distribute the animated studio's lucrative films for the next seven years, including the profitable "Shrek" franchise. It will also have the right to make television shows using DreamWorks Animation characters. Grey said the arrangement with DreamWorks Animation makes Paramount a larger player in family and children's movies. Paramount already produces films with Viacom's Nickelodeon and MTV cable channels.
Source: Anime News Service