Sponsored message
Audience-funded nonprofit news
radio tower icon laist logo
Next Up:
0:00
0:00
Subscribe
  • Listen Now Playing Listen

Paramount Buys Dreamworks

Paramount Pictures has agreed to buy Dreamworks SKG, the independent film studio created by Steven Spielberg, Jeffrey Katzenberg and David Geffen. Paramount is paying $775 million in cash for Dreamworks and will also assume $825 million in debt and other obligations. Larry talks with Bloomberg News and Call Sheet contributor, Katie Harris, about the significance of the acquisition.