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DreamWorks Acquired by Paramount; New Animation Distribution Deal Inked

by on December 12, 2005

Viacom’s Paramount Pictures has just acquired DreamWorks SKG for .6 billion in cash and debt. As a result of the deal, DreamWorks Animation Studios has signed a new distribution deal with Paramount similar to the one with DreamWorks SKG, where an 8% distribution fee earns Paramount marketing and distribution of DreamWorks Animation’s movies. Paramount will pay DreamWorks Animation $75 million as part of the deal.

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