11 December 2005

Paramount buys DreamWorks for $1.6 billion

Q: What'd ya do this weekend?
A: I bought some new shoes and a CD. What'd you do?
Q: I bought Steven Spielberg, David Geffen and Jeffrey Katzenberg...and a pair of sunglasses.

"We couldn't be more excited about having Steven Spielberg and David Geffen and the amazing roster of talent at DreamWorks join the Paramount family, and we look forward to our new partnership with Jeffrey Katzenberg and DreamWorks Animation," said Tom Freston, co-President and co-Chief Operating Officer of Viacom. "This is a major milestone in our efforts to re-establish Paramount as an industry leader."


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