Source: The Wall Street Journal
Written by: S.K. Sloan
Speculation is running high that NBC Universal is squaring itself to buy Steven Spielberg’s (co-founder) fledgling movie studio Dreamworks SKG.
According to The Wall Street Journal this deal could be worth as much as $1 billion.
Dreamworks SKG was launched in 1994 by the combined efforts of Spielberg, Jeffrey Katzenberg and David Geffin.
The studio has suffered some major box-office debacles, the last being its co-venture with Time Warner, Inc. Warner Bros. in the production of “The Island.” The film cost $120 million to make and only brought in $12.4 million nationwide on its opening weekend.
A federal probe into stock trading at one of its spin-off enterprises, Dreamworks Animation SKG, Inc. has not helped to bolster confidence by investors.