PARAMOUNT Pictures has bought one of its best-known rivals, Dreamworks SKG, in a £914m cash-and-debt deal.
Dreamworks was established 11 years ago to combine three talents in the world of film, animation and music: Steven Spielberg, David Geffen and Jeffrey Katzenberg.
By buying Dreamworks, Paramount has acquired a library of blockbusters, which include Gladiator, American Beauty, and Saving Private Ryan.
The deal does not includes Dreamworks' animation studios, but it include the right to distribute Dreamworks animations that have already been made, such as Shrek.
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